#SubprimeAutoLoans
Subprime Auto Loans Show Increasing Signs of Trouble
We thankfully seem to be coming out of some of the economic challenges brought on by the pandemic, but a new crop of financial hardships is on the horizon. Subprime auto loans, which are issued to people with lower credit scores, are falling into past-due status at an alarming rate, reaching the highest rates of borrowers behind on loans in almost 30 years.
Chris Teague
Oct 24, 2023
52
Subprime Car Buyers Haven't Defaulted This Much Since '96
Grunge was on its way out the door, Pepsi aficionado Bob Dole was challenging William Jefferson Clinton for the keys to the White House, and the Ford Contour was still a relatively new sight on American roads.
That was the last time this many U.S. car owners fell way, way behind on their subprime auto loans.
Steph Willems
May 17, 2018
92
Recent Comments