What’s Causing the Subprime Auto-Loan Fiasco?

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)

 

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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