A subprime car loan bubble brewing? Unpaid subprime car loans at their highest in 20 years. Rose 34% in February. Many defaults could be from oil producing states since many might have experienced layoffs in that industry with low oil prices/high supply.
http://money.cnn.com/2016/03/15/investing/subprime-unpaid-auto-loans-oil-crash/index.html
Some say need not worry because many give their car high priority as to which bills to be paid.
http://money.cnn.com/2016/03/15/investing/subprime-unpaid-auto-loans-oil-crash/index.html
Some say need not worry because many give their car high priority as to which bills to be paid.