Thread regarding Advance Auto Parts Inc. layoffs

Car Loan Payment Delinquency Rates Bad as Depth of 2008 Recession

That's right folks. Millions are defaulting on their auto loans. That's what happens when you sell 60K SUV's to McDonald's employees, part time workers, and anyone who can lie really well on an application for credit.

And you thought record auto sales were a result of the awesome "Recovery"?

HA!!

Try the loosest lending in recorded history, which is now imploding in real time.

http://www.zerohedge.com/news/2017-11-14/one-chart-proves-auto-saar-numbers-are-nothing-more-rigged-debt-fueled-farce

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| 1032 views | | 2 replies (last November 15, 2017) | Reply
Post ID: @OP+Qg3dIyM

2 replies (most recent on top)

WTF?

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Post ID: @sdf+Qg3dIyM

You're an idiot. It has nothing to do with Advance Auto Parts. The average age of cars in this country is at an all time high which fuels Auto Parts sales. Advance is doomed by online competition and the fact this industry hasn't consolidated like other brick and mortar stores have. Stop posting your moronic thoughts.

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Post ID: @vuc+Qg3dIyM

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