3/7/15

The new subprime problem

 

Subprime loans accounted for 21% of US new vehicle sales in January 2015, trending above the pre GFC level of just over 16% for seven consecutive months since June 2014.(Goldman).

Note how the subprime car loans is well above the levels reached in 2008.

Is this going to be next financial headwind? Are auto sales bound to slow down in a major way?

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George Dagnino, PhD
Editor
The Peter Dag portfolio
Since 1977

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