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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