Auto Repossessions on the Rise

On today’s show we are looking at the auto industry for any clues that might predict future impact in the housing market.

Whenever interest rates rise, we often see the impact in auto repossession six to eight months before we see foreclosures in the housing market.

Foreclosures are a judicial process in most jurisdictions which involves a much longer process than an auto repossession.

When researching this episode, I learned some pretty shocking statistics about the auto industry.

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Host: Victor Menasce

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