Subprime lenders cutting off dealers as auto loan delinquency rates rise

Automotive Credit Corp, a subprime lender, has begun cutting off select car dealers due to “ongoing concerns regarding adverse market conditions”

This is exhausting

— CarDealershipGuy (@GuyDealership) July 6, 2023

Serious Auto Loan Delinquency among people under the age of 30 is approaching Global Financial Crisis levels pic.twitter.com/gUIWILJ1sQ

— Barchart (@Barchart) May 31, 2023