Different Market, Same Story: Subprime Auto Loan Defaults On The Rise

Stop me if you`ve heard this one before.

Subprime auto lending has soared since the U.S. mortgage bubble burst back in 2008, and, predictably, default rates have commenced to go after suit. This week, 90-day auto loan delinquency rates eclipsed Trio.8 percent, their highest levels since the financial crisis, putting auto loan investors and shareholders of subprime auto lenders at risk. Continue reading →