Subprime Auto Loans: A Mess

[errolanderson]

If I am not mistaken the housing subprime mortgage crisis was $1.5 trillion. Sub prime car loans maybe $10b. a lot. but not in the same league by any stretch of the imagination. used car prices may in fact be keeping up the value of new cars which is what the industry and governments want. why else would the liberals give toyota billions of your hard earned taxes?

tmyrfield . . . you are right. 2008 housing subprime was much bigger than current auto subprime loans.

But there is again sister products of subprime housing mortgages again circulating through the American real estate market. Unbelievable (IMO). If auto subprime loans blow . . . this may be enough for these new housing subprime mortgages to blow . . . . It won't take much to knock the consumer over.