Auto-Loan Delinquencies Spike To Q3 2009 Level, Despite Strongest Labor Market In Years

Zero Hedge | May 17, 2019 at 12:54 PM
  • Over the past decades, since in Q1 2009, total auto loans and leases outstanding have risen by 65%.
  • What we haven’t seen before is this kind of credit stress among car buyers during good times – with the bad times still ahead.
  • So when credit stress gets this bad during good times, we don’t even want to imagine what it might look like during bad times.