Wolf Richter Talks Shop: “Carmageddon” and tips on buying a car.
Here I am with radio host Jim Goddard on “This Week in Money,” discussing the worsening conditions that the US auto industry is facing. Jim is also asking whether it’s better to buy or lease, go directly to a sales manager or start with a salesperson first, whether to buy new or used, what to watch out for when buying used, what to research, and many more things I don’t normally write about since WOLF STREET isn’t a how-to site. So here’s an in-depth conversation on the nuts and bolts of the industry I used to work in:
And here’s more: Subprime Auto-Loan Backed Securities from 2015 on track to be Worst Ever. Read… This Toxic Trifecta for Auto Loans is Fueling #Carmageddon