Trend reversal started a year ago. Services inflation stuck at high rate for a year. Now prices of food, energy, computers & software (inflationary AI boom), and gold jewelry (gold price spike) all surged.
Several subprime-specialized dealer-lender chains collapsed, and shares of America’s Auto Mart imploded. Subprime lending is not for the squeamish. But it’s only a small part of auto finance.
Home prices fell year-over-year in 25 of the 33 big expensive cities in April, a bunch set multi-year lows, led by Oakland & Austin, down by 26% from 2022. Two set new highs.
High gasoline prices tilt operating costs in favor of EVs. But soaring electricity prices eat into that math.
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