Cathie Wood, the star fund manager and chief executive of ARK Invest, in a 12 January monthly market update said that the used car market is where she is expecting possible losses after a surge in values.

She said that she wouldn't be surprised to see "a bloodbath in the used car market," with valuations tumbling in the coming year into 2023, as prices have surged because of supply-chain bottlenecks and a pop in demand recede.