Capital One Just Wounded The Auto Sales Industry
April 21, 2023
12 min
Full
646 of 678
April 21, 2023
Capital One Just Wounded The Auto Sales Industry
0:00 / 12:44
Excerpt playback isn’t available for this episode — use the full-episode link.
Search the Record
Moment search isn’t open for this episode yet
When it opens, you’ll be able to type any phrase and jump straight to the second it was said.
The Economic Ninja Episodes Around April 21, 2023
Episode 646 of 678 — walk the feed in the order it was published.
12:44This episodeCapital One Just Wounded The Auto Sales Industry
Summary
<p>
According to Capital One, the auto sales industry is in trouble and they are no longer offering loans to dealerships as auto finance gets tighter. Capital One cites an increase in delinquencies, high-interest rates, and increasing competition from online lenders as reasons for this decision.
This move by Capital One is likely to have a significant effect on the auto sales industry, as dealerships will have to find other sources of financing or face closure. This is a very big deal, as the auto sales industry is a major part of the economy in many areas of the country. We'll update you as soon as we have more information.
<br />
</p>
Episode details and artwork are published by the show’s own feed. Sentinel plays short cited excerpts and links every episode back to its publisher.