Rising car loan default rates spell trouble for automakers

Marielle Segarra Mar 16, 2017
Share Now on:
HTML EMBED:
COPY

Rising car loan default rates spell trouble for automakers

Marielle Segarra Mar 16, 2017
Share Now on:
HTML EMBED:
COPY

People who took out subprime loans to buy a car are falling behind on their payments at the highest rate since the financial crisis. That could lead to higher costs for people who want a car loan. It’s also bad news for the automakers. 

Click the audio player above to hear the full story.

As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.

Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.

Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.