The topic of subprime auto loans has been a hotly contested one at TTAC, with numerous commenters defending both the practice and the stability of recent run-up in subprime lending.
Over at the Autos and Economics blog (operated by contributor Mike Smitka), David Ruggles (better known as "ruggles" around here) provides a well-reasoned defense of subprime lending, and why he thinks we are not headed for a subprime lending bubble. Despite that, other voices seem to think we are heading for one, if not in subprime then in the broader market.
The post A Contrarian View Of Subprime Auto Loans appeared first on The Truth About Cars.
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