Why Nobody is Buying Electric Vehicles Anymore

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Subprime Auto-Loan Delinquencies Hit Record, Prime Loans Are Pristine, after Easy Money Ends: The High-Risk High-Profit Business of Subprime Auto Lending. What makes it work: Securitizing subprime auto loans and selling the Asset-Backed Securities to yield-hungry investors. By Wolf Richter for WOLF STREET. Subprime auto loans are making breathless headlines again. Subprime-rated borrowers tend to get in trouble with their debts, which is precisely why they’re rated subprime in the first place. Only about 14% of total outstanding auto-loan balances are subprime – and most of them have been securitized into Asset Backed Securities (ABS) and sold to investors who’d bought them to get the higher yields. Typically, subprime-rated borrowers purchase older, such as 10-year-old or older, used vehicles with those loans because that’s the only thing they qualify for. #subprime #autoloans #carloans #debt #nationaldebt #EV #electricvehicle

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What’s the Deal With Electric Vehicles? 0:00
Delinquencies Are At RECORD High 7:23

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Видео Why Nobody is Buying Electric Vehicles Anymore канала The Money GPS