Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today
Already have an account? log in
More Trouble In Used Car Land: Prices Drop Most Since Crisis Sparking Deflation Worries
We told you so.
On Sunday, we reminded readers that the US auto loan bubble i) has hit truly epic proportions and ii) is increasingly dependent upon Wall Street's securitization machine.
We also noted that the percentage of total outstanding retail auto ABS comprised of subprime is at an all-time high, and that within subprime, lenders with subprime-ier underwriting standards are gaining market share.
Then we noted that given the environment described above, just about the last thing you
I keep coming back for the pairings: “ad nauseam”, “subprime-ier” and a Monte Carlo. Making Monday morning great again!
you know it.