WTF Chart Of The Day: Subprime Auto Edition
If you frequent these pages (and why wouldn't you?), you've read a lot about subprime auto over the past month.
Here are some of the relevant posts:
As Subprime Auto Bubble Bursts, Lenders Use GPS To Hunt Deadbeat Borrowers
A Dubious New Record
Subprime Auto Loans Might Be Ok Because After All, People Need Their Cars
Well for those interested in an idiot-proof assessment of just how endemic this problem is becoming, look no further than the following chart from Wells Fargo which shows that
If you don’t have the credit to buy a house, you can at least get a car. I think that we’re going to exceed the past bubble on these by a good distance. Unless we see Trump loosen up sub-prime home lending for us.