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THE AUTO LOAN CRISIS: 32-Year Record Defaults Hit American Driveways!
While equity markets trade near record highs, a severe consumer credit contraction has pushed auto loan delinquencies to levels not seen in over three decades. In today's Wall Street Truthbomb, Chief Investment Officer Mark Malek uncovers the shadow data behind the $1.7 Trillion auto debt market and explains why the surge in repossessions poses a systemic risk to consumer lenders and retail spending.Mark analyzes Fitch Ratings data showing 60-day+ subprime auto delinquencies reaching 6.74%—surpassing peak 2008 financial crisis levels. Discover how dealer markups and 72- to 84-month financing…
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