In this article:
With slightly higher yields, subprime auto-loan backed securities were grabbed by institutional investors that manage other people’s money.
Now, almost all indicators of auto lending are flashing red. Negative equity has hit an all-time record. Why is negative equity such a growing phenomenon? Because of the toxic trifecta in the auto industry, now happening. Read on to delve deeper into the insanity of the United States’ auto lending segment.
Read the original article here