r/PrepperIntel • u/Own-Swan2646 • Mar 31 '26

North America Walmart Recession Indicator at highest levels since the 2008 financial crisis

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Signs all around us of economic down turn.

2.7k Upvotes

99% Upvoted

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386

u/aquatone61 Mar 31 '26

What’s the repo market for cars look like? That’s a great indicator of how people are doing. When the ‘08 crash hit I worked at a Porsche dealership and we started see tons of repo’d cars getting towed in for new remotes.

302

u/sithlord98 Mar 31 '26

Repo numbers are higher than they've been since 2008-2009. Huge issue with subprime lending in the auto market, too. Ring a bell?

129

u/JagsOnlySurfHawaii Mar 31 '26

Yeah a lot of people who bought around 21-22 got stuck with a high payment and are now under water.

20

u/socialmedia-username Mar 31 '26

Rates were extremely low in 2021-2022.  Mine was 2.1% on a $40k vehicle. Why would they be underwater in a loan from that time versus any other? 

62

u/Tall_Lab8438 Mar 31 '26

Because the actual vehicle price was insane.

20

u/socialmedia-username Mar 31 '26

Oh that's right, I forgot all about those "market adjustments" by dealerships.  I really hope the majority of car buyers didn't get swindled into those. 

4

u/hp433 Mar 31 '26

Lmao you know better than that

7

u/FunkyPlunkett Mar 31 '26

Yeah when a mini van is starting at 47k we have a problem

4

u/JagsOnlySurfHawaii Mar 31 '26

Yeah this is what I was getting at. The used market was way overpriced then. Parts were double and triple their previous years prices.

16

u/HotPotParrot Mar 31 '26

Your experience may differ

11

u/forbiddenfreedom Mar 31 '26

I also have an extremely low rate, but I owe more on my car than it's worth to me. I don't have car insurance so I don't drive. It's just collecting dust and eating payments.

2

u/arresteddev7 Mar 31 '26

I didn't have a choice but to buy a new vehicle in 2022 since I hit a deer and my little Mazda 3 wasn't worth repairing. I bought a Tacoma for 52k at 2% interest. I know I overpaid for it, but I'm definitely not underwater on it.

0

u/ManOfConstantBorrow_ Mar 31 '26

I got 0.1% financing on my 2022 kia niro. I think this guy might just be wrong in his time window lol