Subprime lenders cutting off dealers as auto loan delinquency rates rise

Sharing is Caring!

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

See also Mortgage-yield spread signals rising consumer risk, hinting at economic downturn pressures. 30 year average US mortgage rates are above 7% again! Dow Jones 1929 vs 2024 update

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

See also Long Term Capital Gains Tax Rates for 2024

67 views