‘Finances are getting tighter’: US car repossessions surge as more Americans default on auto loans - short news
Wall Street sounds alarm over strain throughout car lending market as experts warn of potential risks for wider economy
Alarm bells are ringing on Wall Street. The recent collapses of Tricolor, a used car seller and sub-prime auto lender, and First Brands, an auto parts supplier, have put the finance industry on edge, almost two decades after problems in the sub-prime mortgage lending market set the stage for the global financial crisis.
“When you see one cockroach, there are..
source: The Guardian - 17.10.2025