After figures revealed a decline in US used car prices in September, Cathie Wood warned of the possibility of "severe losses" in the trillion-dollar auto debt industry.
According to a tweet that referenced information released by Manheim Auctions.
he world's largest seller of used cars, the founder and chief executive officer of Ark Investment Management LLC cited a shift in consumer preference toward electric cars.
The US Used Vehicle Value Index published by that group showed a 3% decrease from August.
Wood's message comes after a warning about growing dangers for US car debt in a tweet from last month.
According to newly revealed quarterly data, vehicle loans reached a record high of about $1.4 trillion as of June 30.