Could Auto Loans Be the Source of the Next Crash?

An automotive industry insider fears car loans may be a ticking time bomb like subprime mortgages in 2008–09

Used cars are displayed at a dealership in New York on June 10, 2022. Spencer Platt/Getty Images

News Analysis

During the COVID flash recession, annual vehicle sales bottomed at 8.9 million in April 2020—only to rebound to 18.7 million by April 2021, the fastest yearly change on record.