When you start looking at the long term projections and all the variables at play, it wouldn’t be far fetched to say that there’s a possibility we experience another 2007/2008 type market for the automotive world. The next 3-6 months are going to get real interesting

With rising interest rates more Americans are deciding to hold onto what they currently own. As a result used car inventories are growing and that’s why we’re beginning to see prices drop.

The Porsche 911 market has final experienced a correction (data from @CarGurus). This is just one of many cars seeing similar market changes, and for the time being there’s no reason to believe that this trajectory is going to change

For 15 consecutive weeks wholesale car prices have dropped (data from @BlackBookAuto). We’re beginning to see this translate over to retail where for the past 30-60 days there’s been a gradual decrease in prices for a wide range of vehicles

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