Here's How Banks Can Simultaneously Love And Hate Subprime Car Loans

Here's How Banks Can Simultaneously Love And Hate Subprime Car Loans

https://www.benzinga.com/news/earnings/17/04/9357605/heres-how-banks-can-simultaneously-love-and-hate-subprime-car-loans

S&P pinpoints 2 main risk areas in auto finance

  S&P pinpoints 2 main risk areas in auto finance

www.autoremarketing.com/subprime/sp-pinpoints-2-main-risk-areas-auto-finance

Autos Sector: A Kaleidoscope Of Conflicting Views

  Autos Sector: A Kaleidoscope Of Conflicting Views

thecorner.eu/financial-markets/autos-sector-kaleidoscope-conflicting-views/64655/

As Inventor of Subprime Car Loans Exits, Critics Smell a Lemon

 As Inventor of Subprime Car Loans Exits, Critics Smell a Lemon 

https://www.bloomberg.com/news/articles/2017-05-04/as-inventor-of-subprime-car-loans-exits-critics-smell-a-lemon

National Lawyers Guild Review publishes paper by Megan Horning (‘17) on predatory lending among Navajo Nation car buyers

National Lawyers Guild Review publishes paper by Megan Horning (‘17) on predatory lending among Navajo Nation car buyers 

lawschool.unm.edu/news/2017/05/megan-horning.php

UK credit card borrowing grows at fastest pace in 11 years

UK credit card borrowing grows at fastest pace in 11 years

https://www.ft.com/content/972e11a0-45dc-11e7-8519-9f94ee97d996

Toxic Auto Loans discussed On Max kaiser Rt show 9.40 mins in

 Toxic Auto  Loans  discussed On Max kaiser Rt video show
9.40 mins in

https://www.rt.com/shows/keiser-report/390126-episode-max-keiser-1077/

GM, Michigan look ahead with V2I technology development

GM, Michigan look ahead with V2I technology development

www.autonews.com/article/20170530/MOBILITY/170539982/1669

A million cars bought on finance deals - amid warnings of 'negative equity time bomb' for owners of diesel models

  A million cars bought on finance deals - amid warnings of 'negative equity time bomb' for owners of diesel models

http://www.telegraph.co.uk/news/2017/05/12/million-cars-bought-finance-deals-amid-warnings-negative-equity/

Sub-prime auto loan payback and delinquencies rising along with new vehicle prices

Sub-prime auto loan payback and delinquencies rising along with new vehicle prices 

https://www.forbes.com/sites/davidkiley5/2017/05/31/sub-prime-auto-loan-payback-and-delinquencies-rising-along-with-new-vehicle-prices/#5ca8ee355974

UK car production plummets in April

UK car production plummets in April

www.thecarexpert.co.uk/uk-car-production-plummets-april/

Maintaining auto payment no longer top consumer priority

Maintaining auto payment no longer top consumer priority  

www.autoremarketing.com/subprime/maintaining-auto-payment-no-longer-top-consumer-priority

Car loan exploitation in Australia

  Car loan exploitation in Australia

www.drive.com.au/motor-news/the-breakdown-car-loan-exploitation-20170526-gweeyi.html

Ford is not in a good position for the possible subprime auto loan crisis.

  Ford is not in a good position for the possible subprime auto loan crisis. 

https://seekingalpha.com/article/4077584-ford-2017-risks

Remote Vehicle Shutdown Market to Partake Significant Development During 2015 – 2021

  Remote Vehicle Shutdown Market to Partake Significant Development During 2015 – 2021

www.military-technologies.net/2017/05/31/remote-vehicle-shutdown-market-to-partake-significant-development-during-2015-2021/

Meanwhile in Ireland 1 in 3 buyers of new cars in Ireland is using a form of finance that is entirely unregulated.

Meanwhile in Ireland 1 in 3 buyers of new cars in Ireland is using a form of finance that is entirely unregulated.

www.irishtimes.com/business/personal-finance/concern-over-scale-of-unregulated-finance-for-new-cars-1.3093726

Analysts Continue To Beat The Drum On The Threat Of Subprime Auto Loans

 Analysts Continue To Beat The Drum On The Threat Of Subprime Auto Loans

https://www.benzinga.com/analyst-ratings/analyst-color/17/05/9481132/analysts-continue-to-beat-the-drum-on-the-threat-of-subp

Meet The Companies Most Exposed To Subprime Auto Risk

  Meet The Companies Most Exposed To Subprime Auto Risk

https://www.benzinga.com/analyst-ratings/analyst-color/17/03/9198234/meet-the-companies-most-exposed-to-subprime-auto-risk

Is the Next Big Sub-Prime Crisis Coming?

Is the Next Big Sub-Prime Crisis Coming?

www.richdad.com/Resources/Rich-Dad-Financial-Education-Blog/May-2017/Is-the-Next-Big-Sub-Prime-Crisis-Coming.aspx

Independent dealers steer through challenging conditions

Independent dealers steer through challenging conditions 

www.autoremarketing.com/retail/independent-dealers-steer-through-challenging-conditions

Showdown Between California Car Dealers And Consumer Advocates Over E-Contract Bill

Showdown Between California Car Dealers And Consumer Advocates Over E-Contract Bill 

https://www.benzinga.com/general/education/17/05/9543581/showdown-between-california-car-dealers-and-consumer-advocates-over-

Car finance – is the industry speeding?

  Car finance – is the industry speeding?

https://bankunderground.co.uk/2016/08/05/car-finance-is-the-industry-speeding/

Car debt adds horns to UK's Brexit vulnerability

  Car debt adds horns to UK's Brexit vulnerability

https://www.breakingviews.com/considered-view/car-debt-adds-horns-to-uks-brexit-vulnerability/

BoA Debuts In-App Auto Financing Via Mobile App

BoA Debuts In-App Auto Financing Via Mobile App  

www.pymnts.com/mobile-applications/2017/boa-debuts-in-app-auto-financing-via-mobile-app/

New-car loans lasting 73 to 84 months soar Longer terms are more commonplace in used-vehicle financing, too

New-car loans lasting 73 to 84 months soar Longer terms are more commonplace in used-vehicle financing, too 

www.autonews.com/article/20170531/FINANCE_AND_INSURANCE/170539958/new-car-loans-lasting-73-to-84-months-soar

Consumer credit growth and the flashing light marked ‘car financing’

 Consumer credit growth and the flashing light marked ‘car financing’ 

schroders.com/en/uk/the-value-perspective/blog/all-blogs/consumer-credit-growth/

“The vast majority of consumer credit is different, however because it relates to car finance, which is backed by an asset and …” Nooo – as we argued ourselves in Crash course, borrowing is a very bad idea when it is done against a depreciating asset … such as a car.

“One obvious issue here is not only are these finance providers seemingly happy to lend to people who cannot afford it, they are seemingly happy to do so using a depreciating asset as security,” we wrote. “At least with a house, a lender could – on a long-term view – reasonably assume its price would rise. In the sub-prime crisis, of course, prices fell but it was still a better bet than with an asset that always depreciates.”

As it happens, the Bank of England has itself written an article on Car finance, which examines how new car purchases these days are mostly financed by manufacturers’ own finance houses. It argues this risks exacerbating the cyclicality of new car sales and, moreover, “manufacturers increasingly bear the risk of future falls in car prices, potentially making the industry even more vulnerable to macroeconomic shocks”.

One of the big issues with car financing is the reliance the whole system places on the value of second-hand cars. As soon as this value drops, it means somebody is missing out and – whether that is the car-financing company or the person who has purchased the car – that means there is a serious level of fragility built into the system.

Sub-prime loans: could cars cause the next financial crash? May 31, 2017

 Sub-prime loans: could cars cause the next financial crash?  May 31, 2017

https://uk.finance.yahoo.com/news/sub-prime-loans-could-cars-000000134.html

Liar Loans Dog Subprime Auto-Loan-Backed Securities

 Liar Loans Dog Subprime Auto-Loan-Backed Securities

https://seekingalpha.com/article/4075987-liar-loans-dog-subprime-auto-loan-backed-securities

Latest subprime auto worry: Fewer paying off loans early

Latest subprime auto worry: Fewer paying off loans early

https://seekingalpha.com/news/3270652-latest-subprime-auto-worry-fewer-paying-loans-early

Another Warning Sign Flashes for Subprime Auto Loans - Bloomberg - Data may show subprime consumers are weaker, Wells Fargo says - Last decade, slowing credit card payments were early alarm

Another Warning Sign Flashes for Subprime Auto Loans 

https://www.bloomberg.com/news/articles/2017-05-30/new-warning-sign-as-fewer-subprime-auto-borrowers-pay-off-early

Quote

...Growth in auto debt since the financial crisis has set off alarm bells on Wall Streetand among regulators who are concerned that borrowers may be overburdened and used car prices are falling. Government enforcement officials have expressed concernthat lenders may be making loans that borrowers can’t repay, and packaging them into bonds that investors are willing to buy.

Total issuance of subprime auto loan-backed securities rose to $7.1 billion in the first quarter from $5.9 billion in the same quarter last year, according to data compiled by Bloomberg. The growth came even as losses from the debt have risen beyond levels last seen in the aftermath of the 2008 financial crisis.

The researchers at Wells Fargo, the number one seller of bonds backed by subprime auto loans, have said that the bonds pose few risks to bondholders, even though they recommend investors cut their risk exposure because of valuations.

US banks pull back from $1.2tn car loans market Overstretched consumers raise fears of bubble in echo of subprime mortgage crisis

 US banks pull back from $1.2tn car loans market Overstretched consumers raise fears of bubble in echo of subprime mortgage crisis

https://www.ft.com/content/92ec8204-4251-11e7-9d56-25f963e998b2

Manheim Used Vehicle Value Index 2017 & comments

  Used Vehicle Value Index

https://publish.manheim.com/en/services/consulting/used-vehicle-value-index.html

Manheim index themselves produced a long report on the industry in (Used Car Market Report 2017 )

http://on.ft.com/2qyIOUf
 

The article seems somewhat biased, picking and choosing sources mostly from the bear side. The article cites the extreme attention-getting forecasts of Morgan Stanley's Jonas without also citing analysts who have provided alternative, less bearish views. I'm interested in the topic and would have welcomed a deep but fair dive.

The producers of the Manheim index themselves produced a long report on the industry in (Used Car Market Report 2017_, but I don't see their more calming contextual cited - such as subprime auto loans being a lower % of total loans than 2004, or that household financial obligation ratios are at 30 year lows (partly due to low interest rates).

 Americans have long dealt with underwater car loans, and I am concerned that terms have been pushed as far as they are likely to move, borrowing from future demand. But this article appears to have been written from a short-seller's perspective, lacking in nuance or counter-evidence.

Debt pile-up in US car market sparks subprime fear - FT

Debt pile-up in US car market sparks subprime fear - FT

https://www.ft.com/content/bab49198-3f98-11e7-9d56-25f963e998b2

  Quote

In an echo of the subprime housing crash, delinquencies of US car loans are rising amid allegations of mis-selling..

  "Meantime, she has spent another $7,000 on repairs to a “terrible” car that would now fetch about $750 in a sale. “I was basically putty in their hands, totally swept off my rational sensible self, drawn into this vortex,” she says. Ms Boluch’s story — which helped trigger an investigation by the state attorney-general and a $22m fine in March for Santander Consumer — is just one of many from a seven-year boom in car loans that has strong echoes of the pre-crisis mortgage"

Meanwhile, the legal troubles are not over for the subprime lenders. Ally, Santander Consumer and others have been subpoenaed by federal prosecutors as part of an investigation into subprime auto practices and related securitisation activities, according to public filings.

New York’s Department of Financial Services is also probing several car finance companies, according to a person familiar with its supervisory programme.

 Auto Lender Santander Checked Income on Just 8% in Subprime ABS 



https://www.bloomberg.com/news/articles/2017-05-22...

Santander to pay $26m to settle subprime auto-loan case 

https://www.bostonglobe.com/business/2017/03/29/sa...

Santander to pay $26m to settle subprime auto-loan case

  Santander to pay $26m to settle subprime auto-loan case  

https://www.bostonglobe.com/business/2017/03/29/santander-pay-million-settle-auto-loan-securitization-case-healey-says/cSdMsa6xp9J5FnPhKfddML/story.html

Did Subprime Auto Loans Just Claim Their First Victim In Ally Financial?

 Did Subprime Auto Loans Just Claim Their First Victim In Ally Financial?

https://www.benzinga.com/news/earnings/17/03/9204375/did-subprime-auto-loans-just-claim-their-first-victim-in-ally-financial

Subprime auto loans threaten new crisis

 Subprime auto loans threaten new crisis

https://www.wsws.org/en/articles/2017/04/11/loan-a11.html

The meltdown in Houston's auto market has an eerie resemblance to the financial crisis

The meltdown in Houston's auto market has an eerie resemblance to the financial crisis

www.businessinsider.com/houston-auto-sales-2017-4

Auto sales are slowing, and upheaval is next money.

 Auto sales are slowing, and upheaval is next money.

cnn.com/2017/05/16/news/companies/auto-industry-challenges/

Signs Of An Auto Bubble: Soaring Delinquencies In These 266 Subprime ABS Deals Can't Be Good

 Signs Of An Auto Bubble: Soaring Delinquencies In These 266 Subprime ABS Deals Can't Be Good

 www.zerohedge.com/news/2017-03-29/signs-auto-bubble-soaring-delinquencies-these-266-subprime-abs-deals-cant-be-good

What’s Happening with Subprime Auto Loans? (Graphics / Graphs)

 What’s Happening with Subprime Auto Loans? (Graphics / Graphs)

www.visualcapitalist.com/subprime-auto-loans/

PCP misselling (UK Piston Heads Forum )

PCP misselling (UK Piston Heads Forum )

https://www.pistonheads.com/gassing/topic.asp?h=0&f=206&t=1673626

Auto loan fraud is soaring in a parallel to the housing bubble

Auto loan fraud is soaring in a parallel to the housing bubble

www.autonews.com/article/20170510/FINANCE_AND_INSURANCE/170519989/auto-loan-fraud-is-soaring-in-a-parallel-to-the-housing-bubble

Auto lenders unite to fight fraud

 Auto lenders unite to fight fraud

www.autonews.com/article/20170510/FINANCE_AND_INSURANCE/170509785

Brexit is Key Concern for Consumer Credit Supply in 2017, but we are Expanding Anyway say Refused Car Finance

Brexit is Key Concern for Consumer Credit Supply in 2017, but we are Expanding Anyway say Refused Car Finance

 https://www.poundsterlinglive.com/corporate-strategy/6013-refused-car-finance-expansion-plans

£1.4bn car loan rip-off: Second-hand dealers' interest rates three times higher than on internet

£1.4bn car loan rip-off: Second-hand dealers' interest rates three times higher than on internet

www.dailymail.co.uk/news/article-4438518/Driving-prices-1-4bn-car-loan-rip-off.html

Trump Blasts 'Bad' German Carmakers' US Sales, Threatens Barriers

Trump Blasts 'Bad' German Carmakers' US Sales, Threatens Barriers

www.newsmax.com/Finance/Economy/trump-german-carmakers-sales/2017/05/26/id/792508/

Drivers face car loan crackdown to avoid new financial crisis

Drivers face car loan crackdown to avoid new financial crisis

www.telegraph.co.uk/news/2017/04/14/drivers-face-car-loan-crackdown-avoid-new-financial-crisis/

INDIA - State Bank of India Suspends Car Loans for Uber and Ola

State Bank of India Suspends Car Loans for Uber and Ola

 

https://www.thequint.com/news/2017/05/27/qbiz-rbi-sbi-stops-car-loan 

Subprime, anyone? Worries mount about car finance in America and Britain

 Subprime, anyone? Worries mount about car finance in America and Britain

www.economist.com/news/finance-and-economics/21721698-comparisons-subprime-financial-crisis-are-overblown-worries-mount

Bad US Car Loans Hit 8-Year High, Drawing Parallels With 2007 Mortgage Meltdown

 Bad US Car Loans Hit 8-Year High, Drawing Parallels With 2007 Mortgage Meltdown

https://sputniknews.com/business/201705111053497528-us-car-loans-2007-mortgage/

The Probs In Australia - Breakdown: Car loan exploitationFive things you need to know about the automotive lending problem.

 The Breakdown: Car loan exploitationFive things you need to know about the automotive lending problem.

www.drive.com.au/motor-news/the-breakdown-car-loan-exploitation-20170526-gweeyi.html

TransUnion Report Shows Subprime Loan Originations Have Dropped

 TransUnion Report Shows Subprime Loan Originations Have Dropped

https://www.autocreditexpress.com/blog/transunion-subprime-loan-originations/

The TransUnion report showed that, overall, auto loan originations were down 0.2%. However, subprime loan originations dropped 5%, which is huge when talking about numbers of this scale.
Additionally, TransUnion reported that delinquency rates are on the rise. Auto finance delinquency rates increased to 1.30% in the first quarter of 2017, compared to 1.16% a year earlier. The bureau attributed this to poor payment performance by the subprime and near prime segments.
So, the two main takeaways from the report are: (1) fewer auto loans are being approved, especially in the subprime segment, and (2) delinquencies have ticked up. This combination could mean more changes are coming.
“Regardless, with flatter sales volumes and higher delinquencies, we anticipate lenders will evaluate their credit policies for subprime and near prime borrowers to calibrate for the uptick in delinquencies,” said Brian Landau, TransUnion’s senior vice president for financial services.

U.S. Subprime Auto Loan Losses Reach Highest Level Since the Financial Crisis by Matt Scully

  U.S. Subprime Auto Loan Losses Reach Highest Level Since the Financial Crisis by Matt Scully

https://www.bloomberg.com/news/articles/2017-03-10/u-s-subprime-auto-loan-losses-reach-highest-level-since-crisis

A record 107 million Americans have car loans Auto loans outpace home loans -- by far

 A record 107 million Americans have car loans Auto loans outpace home loans -- by far

www.mytwintiers.com/news/business/a-record-107-million-americas-have-car-loans/717049599

Car clocking is on the rise – and PCP deals could be to blame

Car clocking is on the rise – and PCP deals could be to blame  

https://www.motoringresearch.com/car-news/car-clocking-rise-pcp-deals-blame

The Growth of Vehicle Finance: A Danger to the UK Economy?

 The Growth of Vehicle Finance: A Danger to the UK Economy? 

https://www.finextra.com/blogposting/14107/the-growth-of-vehicle-finance-a-danger-to-the-uk-economy

'Subprime credit losses are accelerating': There's a problem in the auto loan market

 'Subprime credit losses are accelerating': There's a problem in the auto loan market

uk.businessinsider.com/fitch-on-auto-loan-market-2017-3

Are the wheels about to fall of car finance?

Are the wheels about to fall of car finance? 

https://www.pistonheads.com/gassing/topic.asp?h=0&f=23&t=1662342

Codeweavers reveals most popular PCPs for car finance

"£200 per calendar month and the most common deposit was £1,000.  "

Codeweavers reveals most popular PCPs for car finance

 www.motortrader.com/motor-trader-news/automotive-news/codeweavers-reveals-popular-pcps-car-finance-15-05-2017

PCP car finance deals could be a sub-prime mess all over again

  PCP car finance deals could be a sub-prime mess all over again

www.independent.ie/business/personal-finance/charlie-weston-pcp-car-finance-deals-could-be-a-subprime-mess-all-over-again-35331251.html

Time To Worry About Another Consumer Debt Bubble?

 Time To Worry About Another Consumer Debt Bubble?

https://seekingalpha.com/article/4074541-time-worry-another-consumer-debt-bubble

Auto Lending: Last Week Tonight with John Oliver (HBO)

Auto Lending: Last Week Tonight with John Oliver (HBO)

https://youtu.be/4U2eDJnwz_s

car credit crunch? likely?

car credit crunch? likely?

www.alfaowner.com/Forum/general-motoring-discussion/1076138-car-credit-crunch.html

 There are a number of issues though pervading the industry in general. These include:

Non regulated individuals effectively selling debt products 

Punitive interest rates on approved used vs new cars in a market where the manufacturer controls supply based upon PCP returns from new 

People not understanding what GMFV means and the fact that paperwork frequently uses terms such as "option to purchase" whilst salesman say "this is what it will be worth" and then customers getting a big shock at contract end time.

The fact that dealers are known to make overt statements about treating finance customers better 

The fact that dealers will blatantly say they will only offer certain levels of discount as "deposit contribution" not as a reduction in asset value 

As I say I have no problem with the concept of credit to drive sales but the selling of said credit is way overdue a review and change.

Chart Check: Subprime Auto Delinquencies Near Crisis Levels

Chart Check: Subprime Auto Delinquencies Near Crisis Levels

https://heisenbergreport.com/2017/03/01/chart-check-subprime-auto-delinquencies-near-crisis-levels/

As Subprime Auto Bubble Bursts, Lenders Use GPS To Hunt Deadbeat Borrowers

As Subprime Auto Bubble Bursts, Lenders Use GPS To Hunt Deadbeat Borrowers 

https://heisenbergreport.com/2017/02/22/as-subprime-auto-bubble-bursts-lenders-use-gps-to-hunt-deadbeat-borrowers/

Goldman “Unmasks” The Culprit Behind US Auto Loan Delinquencies

Goldman “Unmasks” The Culprit Behind US Auto Loan Delinquencies

https://heisenbergreport.com/2017/04/05/goldman-unmasks-the-culprit-behind-us-auto-loan-delinquencies/

Car-mageddon: Your Complete Guide To A Bursting American Auto Bubble

  Car-mageddon: Your Complete Guide To A Bursting American Auto Bubble

https://heisenbergreport.com/2017/04/04/car-mageddon-your-complete-guide-to-a-bursting-american-auto-bubble/

Peak Auto? These Charts Point to Industry, U.S. Economy Concerns

Peak Auto? These Charts Point to Industry, U.S. Economy Concerns

https://www.bloomberg.com/news/articles/2017-04-05/peak-auto-these-charts-point-to-industry-u-s-economy-concerns

Wall Street Is Making It Harder to Buy a Car

Wall Street Is Making It Harder to Buy a Car

https://www.bloomberg.com/news/articles/2017-04-07/wall-street-hands-automakers-another-problem-in-the-loan-market

Why America's Auto Debt Boom Fuels Bubble Talk: QuickTake Q&A

Why America's Auto Debt Boom Fuels Bubble Talk: QuickTake Q&A

https://www.bloomberg.com/news/articles/2017-03-23/why-america-s-auto-debt-boom-fuels-bubble-talk-quicktake-q-a

Top 10 states for auto loan delinquencies

Top 10 states for auto loan delinquencies

www.bankrate.com/loans/auto-loans/top-10-states-for-auto-loan-delinquencies/#slide=1

Bonds Backed by Auto Loans Look Toxic Loans accessible to the least credit-worthy represent a third of the market.

 Bonds Backed by Auto Loans Look Toxic
Loans accessible to the least credit-worthy represent a third of the market.

https://www.bloomberg.com/view/articles/2017-04-12/bonds-backed-by-auto-loans-look-toxic

S&P/Experian Auto Default Index

 S&P/Experian Auto Default Index

https://us.spindices.com/indices/specialty/sp-experian-auto-default-index

 This index measures the default rates across auto loans. It is included in the S&P/Experian Consumer Credit Default Index Series which seeks to measure the balance-weighted proportion of consumer credit accounts that go into default for the first time each month.

Banks Tighten Auto Lending as More Borrowers Fall Into Default

Banks Tighten Auto Lending as More Borrowers Fall Into Default

 https://www.bloomberg.com/news/articles/2017-05-17/banks-tighten-auto-lending-as-more-borrowers-fall-into-default?cmpid=BBD051717_BIZ&utm_term=170517&utm_content=buffer747ed&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

American car buyers are borrowing like never before—and missing plenty of payments, too

  American car buyers are borrowing like never before—and missing plenty of payments, too

https://qz.com/913093/car-loans-in-the-us-have-hit-record-levels-and-delinquencies-are-rising-fast-too/

"But I’m not saying auto-loans will be the crisis… I’m saying auto-loans will be the needle that triggers the crisis."

"But I’m not saying auto-loans will be the crisis… I’m saying auto-loans will be the needle that triggers the crisis."

  The Fed’s Massive Debt Bubble in Picture Form

www.marketoracle.co.uk/Article59039.html

Why Did Car Sales Drop So Dramatically During the Financial Crisis?

 Why Did Car Sales Drop So Dramatically During the Financial Crisis?

https://insight.kellogg.northwestern.edu/article/was-the-government-bailout-of-car-financers-necessary

Auto Loan Fraud Is Starting To Look More And More Like What Happened With Mortgages

  Auto Loan Fraud Is Starting To Look More And More Like What Happened With Mortgages 

jalopnik.com/auto-loan-fraud-is-starting-to-look-more-and-more-like-1795099098

Auto Lender Santander Checked Income on Just 8% in Subprime ABS

Auto Lender Santander Checked Income on Just 8% in Subprime ABS 

https://www.bloomberg.com/news/articles/2017-05-22/subprime-auto-giant-checked-income-on-just-8-of-loans-in-abs

Can the Nigerian designer of the Chevy Volt revitalize his country’s auto industry?

 Can the Nigerian designer of the Chevy Volt revitalize his country’s auto industry?

https://qz.com/969320/the-nigerian-who-designed-the-gms-chevy-volt-is-leading-the-countrys-auto-ambitions/

Credit crunch killing car lease deals

Credit crunch killing car lease deals

www.bankrate.com/loans/auto-loans/credit-crunch-killing-car-lease-deals/

Rising US Automobile Debt Foreshadows an Impending Credit Crisis

 Rising US Automobile Debt Foreshadows an Impending Credit Crisis 

blog.euromonitor.com/2017/04/rising-automobile-debt-foreshadows-impending-credit-crisis.html

Great deals on cars — and lending-bubble worries

Great deals on cars — and lending-bubble worries 

www.detroitnews.com/story/business/autos/2017/05/03/new-car-deals-lenders-bubble/101216568/

The car-loan boom isn’t the housing bubble. But there still might be a crash

The car-loan boom isn’t the housing bubble. But there still might be a crash 

https://www.theguardian.com/business/2017/apr/02/car-loan-boom-not-housing-bubble-still-could-be-crash-us-economy

People are starting to default on their risky auto loans

People are starting to default on their risky auto loans

  https://www.washingtonpost.com/business/economy/people-are-starting-to-default-on-their-risky-auto-loans-but-this-isnt-the-next-housing-bubble/2017/03/29/3ff055e4-1498-11e7-9e4f-09aa75d3ec57_story.html?utm_term=.bfd225bae052

How car loans harm your mortgage offer: Banks slash amount they will lend to customers who have borrowed to buy a car by up to £35,000

How car loans harm your mortgage offer: Banks slash amount they will lend to customers who have borrowed to buy a motor by up to £35,000

http://www.dailymail.co.uk/news/article-4413446/How-car-loans-harm-mortgage-offer.html#ixzz4hpuNZUc7

The Coming Collapse In U.S. Auto Sales

The Coming Collapse In U.S. Auto Sales

https://www.forbes.com/sites/panosmourdoukoutas/2017/05/03/the-coming-collapse-in-us-auto-sales/#2a0c4c951660

If JAM credit bubble pops, it's as big as Brexit

  If JAM credit bubble pops, it's as big as Brexit 

news.sky.com/story/if-the-jam-credit-bubble-pops-its-as-big-as-brexit-10823094

Ford fires CEO Fields, in part, for lagging on electric cars

Ford fires CEO Fields, in part, for lagging on electric cars

www.greencarreports.com/news/1110567_ford-fires-ceo-fields-in-part-for-lagging-on-electric-cars

Renault, Qualcomm show off electric-car road charging at 60 mph

Renault, Qualcomm show off electric-car road charging at 60 mph

www.greencarreports.com/news/1110571_renault-qualcomm-show-off-electric-car-road-charging-at-60-mph

European Diesel Restrictions Could Hit Used Car Prices

European Diesel Restrictions Could Hit Used Car Prices 

www.econotimes.com/Fitch-European-Diesel-Restrictions-Could-Hit-Used-Car-Prices-662782

How car finance and diesel emissions could be the carmakers’ undoing

How car finance and diesel emissions could be the carmakers’ undoing 

moneyweek.com/merryns-blog/how-car-finance-and-diesel-emissions-could-be-the-carmakers-undoing/

UK EV & AFV Vehicle Registrations April 2017 and Year-to-Date

 EV & AFV Registrations April 2017 and Year-to-Date

https://www.smmt.co.uk/vehicle-data/evs-and-afvs-registrations/

Car loans, low rates, second mortgages: all the ingredients for a new credit crunch

Car loans, low rates, second mortgages: all the ingredients for a new credit crunch 

https://www.theguardian.com/business/2017/may/21/car-loans-second-mortgages-ingredients-for-new-credit-crunch

Car finance deals soar to new record

  UK Car finance deals soar to new record

www.bbc.co.uk/news/business-39895327

Six Graphs that Reveal Big Problems for Student and Auto Loans

Six Graphs that Reveal Big Problems for Student and Auto Loans

www.valuewalk.com/2017/03/student-and-auto-loan-debt/

Here’s why it’s getting harder to ignore rising subprime auto defaults

Here’s why it’s getting harder to ignore rising subprime auto defaults

 www.marketwatch.com/story/heres-why-its-getting-harder-to-ignore-rising-subprime-auto-defaults-2017-03-30

Auto Loans - The Consumer Debt Blind Spot

Auto Loans - The Consumer Debt Blind Spot

https://www.bloomberg.com/gadfly/articles/2017-05-18/credit-card-and-loan-losses-expose-worrisome-blind-spot

As auto sales cool, there are worries of a lending bubble

As auto sales cool, there are worries of a lending bubble 

www.theledger.com/news/20170430/as-auto-sales-cool-there-are-worries-of-lending-bubble

The US Fed Could Burst the Auto Loans Bubble

The Fed Could Burst the Auto Loans Bubble 

realmoney.thestreet.com/articles/03/13/2017/fed-could-burst-auto-loans-bubble

Finance industry warned of vehicle leasing fraud threat

 Finance industry warned of vehicle leasing fraud threat

www.assetfinanceinternational.com/index.php/auto/emea/auto-emea-articles2/15108-finance-industry-warned-of-vehicle-leasing-fraud-threat

As Inventor of Subprime Car Loans Exits, Critics Smell a Lemon

 As Inventor of Subprime Car Loans Exits, Critics Smell a Lemon 

https://www.bloomberg.com/news/articles/2017-05-04/as-inventor-of-subprime-car-loans-exits-critics-smell-a-lemon

Wells Fargo, JPMorgan Wary of Auto Loans, Pack Them in Bonds

Wells Fargo, JPMorgan Wary of Auto Loans, Pack Them in Bonds

https://www.bloomberg.com/news/articles/2017-04-27/wells-fargo-jpmorgan-wary-of-auto-loans-but-pack-them-in-bonds

The debt-bubble landmine Obama left for Trump

The debt-bubble landmine Obama left for Trump 

nypost.com/2017/05/07/the-debt-bubble-landmine-obama-left-for-trump/

What Comes After the Auto Bubble?

 What Comes After the Auto Bubble?

usa.streetsblog.org/2017/05/01/what-comes-after-the-auto-bubble/

Three factors driving the current auto loan bubble

 Three factors driving the current auto loan bubble

www.nydailynews.com/autos/news/factors-driving-current-auto-loan-bubble-article-1.3153478

Surging Fraud In Auto Loans Looking Eerily Reminiscent Of Mortgage Bubble

Surging Fraud In Auto Loans Looking Eerily Reminiscent Of Mortgage Bubble 

www.zerohedge.com/news/2017-05-10/auto-loan-fraud

Auto Loans: The Next Debt Bubble?

  Auto Loans: The Next Debt Bubble?

https://seekingalpha.com/article/4063491-auto-loans-next-debt-bubble

Car finance: Negative equity and why it’s a problem Understanding your financial risks will help you avoid big problems

  Car finance: Negative equity and why it’s a problem Understanding your financial risks will help you avoid big problems

www.thecarexpert.co.uk/car-finance-negative-equity/

Soar in car finance raises concerns about new crash

 Soar in car finance raises concerns about new crash

https://www.aspokesmansaid.com/money/stories/content-11845/soar-in-car-finance-raises-concerns-about-new-crash

Almost anyone can get a car loan now — and that's not a good thing for the country

Almost anyone can get a car loan now — and that's not a good thing for the country

uk.businessinsider.com/subprime-auto-loans-are-a-reminder-of-the-housing-crisis-2017-4?r=US&IR=T

motor finance showing signs of mortgage market before the 2008 crash

motor finance showing signs of mortgage market before the 2008 crash 

www.am-online.com/opinion/2017/05/04/guest-opinion-motor-finance-showing-signs-of-mortgage-market-before-the-2008-crash

Auto Loan Borrowers May Be Gaming Their Credit Scores: UBS

Auto Loan Borrowers May Be Gaming Their Credit Scores: UBS

www.newsmax.com/Finance/Personal-Finance/auto-loan-borrowers-credit/2017/05/17/id/790741/

gleaming new cars on the road could spark the next financial crash

gleaming new cars on the road could spark the next financial crash

http://www.dailymail.co.uk/debate/article-4513190/Gleaming-cars-road-spark-financial-crash.html

Auto loans hit $1.1 trillion

 Auto loans hit $1.1 trillion

www.ksdk.com/money/auto-loans-hit-11-trillion/440420004

Auto Loan Fraud Soars in Parallel to the Housing Bubble

  Auto Loan Fraud Soars in a Parallel to the Housing Bubble

https://www.bloomberg.com/news/articles/2017-05-10/auto-loan-fraud-is-soaring-in-a-parallel-to-the-housing-bubble

Study: Diesel emissions are higher than expected (cause 38,000 more deaths each year)

 Study: Diesel emissions are higher than expected (and cause 38,000 more deaths each year)

www.thecarconnection.com/news/1110501_study-diesel-emissions-are-higher-than-expected-and-cause-38000-more-deaths-each-year

Car finance market faces a potential mis-selling scandal

Car finance market faces a potential mis-selling scandal

 www.autoexpress.co.uk/car-news/consumer-news/99331/car-finance-market-faces-a-potential-mis-selling-scandal

Drive carefully – I can see a Uk credit car crash up ahead

 Drive carefully – I can see a credit car crash up ahead 

https://www.theguardian.com/commentisfree/2017/may/08/credit-car-crash-sub-prime-crisis-cause-next-financial-collapse

Could car-buyers' PCP become the new PPI? Claims lawyers look into mis-selling of finance deals

 Could car-buyers' PCP become the new PPI? Claims lawyers look into the mis-selling of finance deals

 http://www.thisismoney.co.uk/money/cars/article-3644528/Claims-lawyers-looking-mis-selling-PCP.html

Uk Financial watchdog to investigate car finance market

Uk  Financial watchdog to investigate car finance market

www.bbc.co.uk/news/uk-scotland-scotland-business-39642342

Are the wheels about to fall of car finance?

Are the wheels about to fall of car finance? 

Piston heads discussion 


https://www.pistonheads.com/gassing/topic.asp?h=0&f=23&t=1662342&i=880

 Are the wheels about to fall off car finance?

https://www.ft.com/content/0e651206-0ee1-11e7-a88c-50ba212dce4d

BoE investigates 'terrifying' rise in borrowing to fund new car purchases

BoE investigates 'terrifying' rise in borrowing to

 fund new car purchases

 Drivers face car loan crackdown to avoid new
 financial crisis 

www.telegraph.co.uk/news/2017/04/14/drivers-face-car-loan-crackdown-avoid-new-financial-crisis/


Discussion 

http://www.housepricecrash.co.uk/forum/index.php?/topic/229784-boe-investigates-terrifying-rise-in-borrowing-to-fund-new-car-purchases/

New car sales 75% via PCP

 New car sales 75% via PCP

https://www.pistonheads.com/gassing/topic.asp?h=0&f=205&t=1643828&i=20