CAR BUYERS ARE GOING BROKE? THIS ISN'T EVEN COUNTING TARIFFS...

EV Channels Review

This video delves into the concerning trend of extended auto loan terms, with 84-month financing becoming increasingly common, leading to significant interest payments and potentially unaffordable monthly costs for consumers. The reviewer highlights this as a major red flag, especially given current high interest rates. The discussion then shifts to the impact of tariffs on the automotive industry, noting a significant drop in car stocks and projecting substantial cost increases for automakers, particularly the 'Big Three' US manufacturers. While some brands like Honda show resilience due to strong North American production, others like Mercedes and Stellantis face challenges. The video also touches on Tesla's struggles with a lack of fresh product and negative sentiment. Finally, the review highlights Kia's future plans, including an ambitious EV pickup truck for North America and a more powerful gasoline engine for range extension or non-electrified vehicles, offering a glimmer of hope amidst the economic uncertainties.