Leasing glut has led to a car recession

Crazy easy lease terms have led to excessive production the past few years and now a glut of used cars are coming back on the market: “The problem in the credit world is when it is taken to extremes.” –No!! Really?

We are seeing an increase in fleet sales which is not a good sign overall for the market, says Brian Johnson, Barclays auto analyst, providing an outlook on auto sales, and weighing in on whether the auto market is over-saturated. We have a recession in cars, says Johnson.  Here is a direct video link.

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