ARK Invest’s Cathie Wood sees a collapse in used-car prices on the horizon. If she’s right, that could mean disaster for auto-finance companies, traditional car makers and dealerships.
The good news is that Wood probably isn’t right. The big risk isn’t a complete collapse, but falling prices are likely to create malaise—a persistent headwind that scares investors away from auto stocks.
Source: https://www.barrons.com/articles/cathie-wood-ark-car-stock-51665419323?siteid=yhoof2&yptr=yahoo