Subprime Auto Loans Explode, "Serious Delinquencies" Spike To Record
Feb 13th 2020 10:50am EST
Subprime Auto Loans Explode, “Serious Delinquencies” Spike To Record Authored by Wolf Richter via WolfStreet.com, Nearly a quarter of all subprime auto loans are 90+ days delinquent. Why? Auto loan and lease balances have surged to a new record of $1.33 trillion. Delinquencies of auto loans to borrowers with prime credit rates hover near historic […]
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