Goldman’s Hatzius: “Unpleasant Trend” In US Auto Market – And Uber/Lyft Will Make It Worse

Well damn. It's pile on time when it comes to dour analysis of the US auto market. Earlier this morning we brought you the latest from Goldman who has deduced that i) handing out 72-month loans for used cars to borrowers with no FICO score is probably a bad idea, ii) securitizing those loans is an even worse idea, and iii) it's a good thing the auto market isn't as big as the housing market, otherwise we'd be in a world of sh*t. That of course comes on the heels on Monday's "surprisingly" bad