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.
And don’t forget to follow our Insights Blog for all of the latest industry trends.
Recommended For You
Since the last U.S. recession in 2008, financial risk management has seen significant changes. Lending requirements are tighter, verification procedures […]
In November, Equifax and Moody’s joined forces to recap the economic and credit trends of 2018 — and look ahead […]
In November 2018, Equifax and Moody’s Analytics joined forces to recap the economic and credit trends of 2018 and look […]
Lending and the Economy While not its direct intent, the new current expected credit loss (CECL) standard could have a […]