What’s Causing the Subprime Auto-Loan Fiasco?

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Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter

Serious auto-loan delinquencies are now on par with Q2 2009 when millions of people had lost their jobs and when the economy was in free-fall. But today unemployment is low and the economy appears to be humming. What gives? (13 minutes)

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But then there’s the “average transaction price.” Read… Reverse Sticker Shock? No Inflation for New Vehicles for 22 Years, Says Consumer Price Index, as Taurus Prices Soared 55% 

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