Subprime Auto Loan

As Subprime Auto Loan Delinquencies Spike, Parallels And Differences With 2008 Housing Crisis Linger

Auto loans have spiked in 2016, reaching their highest levels since 1999 and now reaching over $140 billion. The majority of the loans are performing well, but a notable dichotomy exists. Subprime auto loan delinquencies are significantly on the rise, a November 30 New York Federal Reserve blog post noted with alarm. While there are concerning similarities with the 2008 housing crisis, notable changes have been made since that . . .


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