We’re in the 4th cycle of the subprime profit motive after auto-loan securitizations became a thing in the early 1990s.
Subprime, Prime, and Overall Auto-Loan Delinquency Rates: Why this Surge in “Subprime” Delinquencies when “Prime” Is Pristine?
We’re in the 4th cycle of the subprime profit motive after auto-loan securitizations became a thing in the early 1990s.