Chart Check: Subprime Auto Delinquencies Near Crisis Levels

Chart Check: Subprime Auto Delinquencies Near Crisis Levels

Over the past several weeks, I've documented what looks to be the beginning of the end for the subprime auto bubble. For the most comprehensive treatment, I suggest you have a look at "As Subprime Auto Bubble Bursts, Lenders Use GPS To Hunt Deadbeat Borrowers." The short version is that there are a whole host of lenders out there who are essentially perpetuating the very same "originate to sell" model that tanked the housing market in 2007 and that's now proliferating within the seedy world of
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