In the auto loan market both delinquencies and the total amount of outstanding auto debt continue to rise. The delinquency rate for subprime loans is now at a record high of 14.7 percent, up from 11.8 percent in early 2008. Last week Goldman added its voice to the concerns saying that the risking inherent in the subprime market are materializing and that at the margin, growth has been created by lowering credit standard and extending terms to a whole load of “new” auto buyers. Copyright ©2009-2015 ZeroHedge.com Zero Hedge 5-Mar-15Talk Markets 8-Mar-15
In the auto loan market both delinquencies and the total amount of outstanding auto debt continue to rise. The delinquency rate for subprime loans is now at a record high of 14.7 percent, up from 11.8 percent in early 2008. Last week Goldman added its voice to the concerns saying that the risking inherent in the subprime market are materializing and that at the margin, growth has been created by lowering credit standard and extending terms to a whole load of “new” auto buyers. Zero Hedge 5-Mar-15Talk Markets 8-Mar-15