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the U.S car price bubble has burst and according to Bloomberg fear of an impending collapse is gripping the Auto industry because demand is rapidly disappearing due to the impact of soaring interest rates on auto loan costs this time around not even the electric vehicle Market is going to be immune believe it or not right now Tesla price is a five thousand dollars cheaper than the average U.S car and leading industry experts are telling manufacturers dealers and Landis to brace for some huge price crashes in 2023 as unsold inventory starts to pile up but if you think that means youll be able to go out there and get yourself a brand new vehicle at super cheap costs were sorry to break it to you but that wont be the case for the foreseeable future affordability issues are likely to persist throughout the year and in todays video we will tell you why we have a lot to cover but before moving on would like to ask for your support with a thumbs up and dont forget to subscribe the value