Subprime Auto Bubble? Not Likely Say Experts
There’s been a lot of chatter lately about a potential bubble forming as a result of subprime lending in the automotive industry.
Phil LeBeau, at CNBC, recently interviewed Dennis Carlson, Deputy Chief Economist at Equifax, to get his take on the issue.
Carlson and analysts at Equifax looked at data for new and used cars for the first three months of 2015. Based on their research, the percentage of subprime auto loans has increased slightly, but not by a large enough number to be of concern.
His conclusion? Carlson says he doesn’t see a subprime auto bubble forming. “We have a very healthy auto lending market right now. Lenders are doing a better job” says Carlson.
Check out CNBC’s article, “Subprime auto sales bubble? Not so, say experts”, along with the accompanying video clip, to see what else Carlson had to say on the topic.
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