Maybe This Is Called A Bubble…

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Auto loan delinquency rates are worse now than during the financial crisis

  • Auto loans to customers with subprime credit ratings are often tempting for creditors because of the associated high interest rates. 
  • The delinquency rate for subprime auto loans has risen to a rate worse than during the financial crisis. 
  • Automakers are grappling with the losses of these customers. 
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