Auto loans have shot past the $1 trillion mark in the United States and now make up a significant component of the overall consumer debt picture.
Subprime auto loans – which are riskier loans made to customers with poor credit – have helped to drive the market since the Great Recession. However, with auto loan delinquencies ticking up in recent months, investors have been searching for answers about the sector.
Source: http://www.visualcapitalist.com/subprime-auto-loans/
