The delayed day of reckoning has arrived for millions of Americans who purchased vehicles during the pandemic auto boom. Many are now finding themselves trapped in a shitstorm of negative equity and burdened by costly monthly payments, all while low- and mid-tier consumers face mounting financial strain amid elevated inflation and high interest rates.
Before we dive into the new auto data, let's revisit our latest coverage of the slow-rolling auto crisis:
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Source (zerohedge.com)
>The delayed day of reckoning has arrived for millions of Americans who purchased vehicles during the pandemic auto boom. Many are now finding themselves trapped in a shitstorm of negative equity and burdened by costly monthly payments, all while low- and mid-tier consumers face mounting financial strain amid elevated inflation and high interest rates.
>Before we dive into the new auto data, let's revisit our latest coverage of the slow-rolling auto crisis:
.
.
[Source](https://www.zerohedge.com/markets/nearly-40-cars-financed-2022-are-underwater)
