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auto finance and repossessions
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CarMax CEO fired; Repos hit 30 year high, and dealer lots are full of unsellable used cars.
Photo below - this is a YouTube screenshot from an influencer, but I can't tell you what he's saying. A lot of bleep-outs, maybe? The average new car payment is now $770. A loan can extend for 84 months (7 years). And repo’s are at their highest level since 1994....