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Used Car Repossession Rates Double for Both Sub-Prime and Prime Borrowers, Indicates Trouble on Main
[BACK]
Posted On: July 10, 2022
Barrons has an interesting article on an increase in bank auto repossession rates connected to defaults [see here]. Essentially, used car prices have surged significantly and the timeline seems to indicate the temporary covid-19 stimulus spending had a lot to do with the increase in demand. According to data assembled by CoPilot, used cars are […]
The post Used Car Repossession Rates Double for Both Sub-Prime and Prime Borrowers, Indicates Trouble on Main Street appeared first on The Last Refuge.
Re Posted From: Used Car Repossession Rates Double for Both Sub-Prime and Prime Borrowers, Indicates Trouble on Main Street
[BACK]
[BACK]Posted On: July 10, 2022
Barrons has an interesting article on an increase in bank auto repossession rates connected to defaults [see here]. Essentially, used car prices have surged significantly and the timeline seems to indicate the temporary covid-19 stimulus spending had a lot to do with the increase in demand. According to data assembled by CoPilot, used cars are […]
The post Used Car Repossession Rates Double for Both Sub-Prime and Prime Borrowers, Indicates Trouble on Main Street appeared first on The Last Refuge.
Re Posted From: Used Car Repossession Rates Double for Both Sub-Prime and Prime Borrowers, Indicates Trouble on Main Street