Will Car & Truck Prices Fall in 2023? | Cox Automotive Economist Charlie Chesbrough

Car prices went bananas after COVID hit -- propelled by inventory shortages from disrupted supply chains & the unprecedented stimulus sent to businesses & households.

Now here in 2022, the boom may be ending. Used car prices which nearly doubled post-COVID, have fallen for much of this year -- though still remain much higher than their pre-pandemic lows.

Also, lax lending standards in extending auto loans during the recent boom are coming back to bite lenders -- the percentage of loans that are at least 60 days delinquent hit 1.65% in the third quarter, the highest rate for 60-day delinquencies in more than a decade.

Where is the auto market headed from here?

Will patient buyers be rewarded with better values in 2023?

To find out, we're fortunate to welcome Charlie Chesbrough, chief economist of Cox Automotive to the program.

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There’s no doubt that it's a very challenging time right now for the average investor. Above and beyond the recent economic impacts of COVID, the new era of record low interest rates, runaway US debt and US deficits, and trillions of dollars in monetary and fiscal stimulus stimulus has changed the rules of investing by dangerously distorting the Dow index, the S&P 500, and nearly all other asset prices. Can prices keep rising, or is there a painful reckoning ahead?

Let us help you prepare your portfolio just in case the future brings one or more of the following: inflation, deflation, a bull market, a bear market, a market correction, a stock market crash, a real estate bubble, a real estate crash, an economic boom, a recession, a depression, or another global financial crisis.

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