This topic seems to be getting more run than deserved IMO. Repossessions and default rates were down substantially in 2020 and 2021 compared to pre-Covid levels. 2021 saw these at ~15 year lows if I'm recalling correctly. With stimulus waning and the economy weakening, it is to be expected both would normalize.

Default rates (through June) are still below 2019 default rates. Another salacious headline I've seen in a few spots is specifically related to subprime delinquency/repossessions, but those aren't too out of line with historical norm, either.

Obviously this trend could continue and could grown into a larger/broader problem. To date, I'm not seeing any data to suggest this is anything but reversion to norm.


I did not watch the video. Anything in it that disputes what I've seen recently and summarized above?

Didn't watch, but if someone can let me know when I can get a good deal on a used truck I'd appreciate it.