Thursday, March 2, 2023

Subprime Auto Lender And Used Car Retailer Collapses As Distress Cycle Finally Arrives [Google blocked original posting]

… which was to be expected: after all the latest consumer credit report from the Fed revealed an exponential spike in the amount of new car loans, which increased by more than $2,000 in one quarter, from just over $38,000 (a record), to $40,155 (a new record).