Carvana is about to go bankrupt which I think will start the collapse.
I've heard, on youtube, that lots of people bought ridiculously overpriced cars on credit and then asked for covid loan forbearance. Now that the "relief" is ending a bunch will be repossessed.
Housing market moves slower but it also doesn't look good until the government starts handing out money again.
I believe you are correct about Carvana. I see a half dozen of their delivery trucks at the car auction. I watched one pull into the auction with a used car on the back as I passed last week. The delivery trucks are parked with the truck to be sold so I’m thinking they’re sending a car and a truck to auction and neither leave as Carvana.
