Liar Loans Dog Subprime Auto-Loan-Backed Securities by Wolf Richter • May 23, 2017 • 51 Comments Santander, top subprime auto lender, verified income on only 8% of loans: Moody’s
Oops, this Wasn’t Supposed to Occur in a Rosy Credit Scenario by Wolf Richter • May 20, 2017 • 67 Comments It’s always associated with a recession: last time, the Financial Crisis.
Used Vehicle Trade-in Values Sink, Hit New Vehicle Sales by Wolf Richter • May 18, 2017 • 95 Comments The #Carmageddon data is just relentless.
Consumers Slash Spending Growth Expectations by Wolf Richter • May 8, 2017 • 118 Comments Lowest Level in Fed’s Data. The wallet does something embarrassing.
Hertz Gets Crushed after “Even Worse than Expected” Loss by Wolf Richter • May 8, 2017 • 21 Comments #Carmageddon and Uber did it. For Carl Icahn, it just doesn’t let up.
Answers Emerge: This is How Badly Uber Eats into Hertz by Wolf Richter • May 7, 2017 • 65 Comments Uber burns a lot more cash, but Hertz gets keelhauled.
What the Layoffs at Ford’s Medium-Duty Truck Plant Mean by Wolf Richter • May 5, 2017 • 73 Comments Demand from businesses in the real economy is slumping.
