Auto loan defaults are soaring – San Antonio Express-News

Auto loan defaults are soaring By Gabrielle Coppola, Bloomberg News Published 6:12 pm, Monday, July 17, two thousand seventeen It`s classic subprime: hasty loans, rapid defaults, and, at times, outright fraud. Only this isn`t the U.S. housing market circa 2007. It`s the U.S. auto industry circa 2017.