The Repo Man Can Take Your Car. He Can’t Take Your Subprime Loan With It.
Subprime car loan delinquencies are climbing again after a record January. The bigger story is what happens after repossession: lenders…
Driving News, Policy Watchers, and Automotive Industry Hounds
Subprime car loan delinquencies are climbing again after a record January. The bigger story is what happens after repossession: lenders…
Treasury yields passed 5% and the Fed hiked in September, but published car loan rates still reflect cheaper money. Here’s…
J.D. Power says the average new-car payment hit a September-record $821. Prices rose just 0.7% and rates fell, so the…
The Manheim index slipped 0.4% from a year ago, but wholesale EV values rose 2.3% as gas hit $4.48 and…
Massachusetts just permanently banned a debt collector accused of taking people's cars to squeeze payment on debts that had nothing…
The Federal Reserve meets again this week to decide, for the seventh time in 2026,...
Nobody broke a window. Nobody hot-wired an ignition. Nobody even needed a stolen key fob....
The SEC says Tricolor's top executives pledged the same subprime car loans to more than one Wall Street bond deal.…