Nope, Auto-Loan Delinquencies and Repos Are Not “Exploding”: They Rose from Record Lows and Are Still Historically Low
by Wolf Richter, Wolf Street: The balance of loans & leases outstanding rose on much higher vehicle prices but much lower sales volume. In 2020 and 2021, consumers used their stimulus money and extra unemployment benefits and their PPP loans and the cash left over from not having to make rent or mortgage payments, or […]
