Possible clear coat failure?

[MustangS550]

Hey all, got a used car and noticed this when I picked it up. Is it the beginning stages of clear coat failure? 48983

[MustangS550]

More pics from around the car4898448985

[Setec Astronomy]

Yeah, it looks like it could be failing, or a bad repaint.

Nice cop car.

[TTQ B4U]

Yep. Looks like a car that has been out in the sun most of it's life. UV Damage is killer.