Auto Dealerships Are Closing Their Doors! Here's What Comes Next (Video)
This is a 16 December 2024 video.
With record high inventory levels growing at staggering rates, production line cuts, soaring debt levels, and insanely priced MSRPs… Dealerships across the nation are finding themselves in a very tight spot. Many of them are being left with no choice but to close their doors… for good. If vehicles are stacking up on lots, that’s costing the dealership a ton of money month to month. That adds up, fast. If they can’t sell cars, bankruptcy becomes the only way out.
Greedy dealerships were quick to take advantage of the consumer during the pandemic. Money was cheap, banks were loaning out to everyone for 1-3% interest rates. Not anymore. Now, banks are declining over 20% of ALL auto loan applications. Repossessions are through the roof… up 23% from last year. Something has got to give, and soon for dealerships. Dealers need to sell their vehicles are a loss in order to retire faith from their customers and hopefully re-develop loyalty from the consumer. Sitting on their inventory, hoping for a government bailout is NOT the way.
Will the car market improve before it gets worse? Or are we on a fast-track to a car market crash of 2025?
https://youtu.be/7PAoF8tYW4M
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Whistler Blowers, Insiders
I have yet to see a single dealer close so somebody is paying them to stay open.