Auto Loan Delinquency Rates Soar! We're Seeing Serious Subprime Credit Deterioration

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Economic collapse news October 2019.
First we see the auto loan delinquency rate is surging again. In the subprime section the effects are more pronounced. We also see the price of ten year old vehicles has surged by 75% do to a slow down in production during the last recession. This has pushed many of the sub prime borrowers into older vehicles due to the increase in new car prices. It's amazing the demand for older used vehicles has also surged at the same time the auto manufacturers are laying off employees due to slowing sales. the auto bubble has begun to pop.
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Яндекс.Метрика