％📈 September continued the trend of climbing auto loan rates.
🪜🪜 Average Used APR rose .14% to 10.25% while New only increased .06% to 6.2%.
🤑📆 Of course, customers paying over $1K monthly for their vehicle increased along with rates.
🛻🤠 In Wyoming and Texas, where heavy-duty trucks are popular, 20-25% of consumers pay over $1K a month.
TL; DR - Tesla says their Chinese sales are aok, and you should mind your business. Carvana should mind its business, but, like, in a ‘get things in order’ kinda way, and the used car business is seeing an influx of exotic cars as Crypto investors face a time “between prosperity.”