ARK Invest’s Cathie Wooden sees a collapse in utilised-auto selling prices on the horizon. If she’s ideal, that could necessarily mean disaster for automobile-finance corporations, traditional vehicle makers and dealerships.
The good information is that Wood possibly isn’t ideal. The significant threat isn’t a full collapse, but slipping costs are very likely to produce malaise—a persistent headwind that scares investors absent from auto shares.
ARK Invest’s Cathie Wooden sees a collapse in utilised-auto selling prices on the horizon. If she’s ideal, that could necessarily mean disaster for automobile-finance corporations, traditional vehicle makers and dealerships.
The good information is that Wood possibly isn’t ideal. The significant threat isn’t a full collapse, but slipping costs are very likely to produce malaise—a persistent headwind that scares investors absent from auto shares.
