The car market bubble is bursting:
— The Kobeissi Letter (@KobeissiLetter) September 7, 2025
Subprime auto loan delinquency rates have now surpassed 5% for the first time in history.
The 60-day delinquency rate for subprime auto loans has more than DOUBLED over the last 3 years.
Delinquency rates are now ~1.5 percentage points… pic.twitter.com/JQgYfMJiXv
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Oh Happy Day!! Maybe now they will manufacture cars and trucks average people can afford. I refuse to buy a new truck due to the inflated prices and all the unnecessary tech. Good thing I know how to maintain and repair them.