There’s Trouble In Used Car Land
March 20, 2017 at 11:47 AM EDT
As Morgan wrote back in November, “the share of outstanding deals originated by issuers with lower underwriting standards has increased from 23.1% and 3.4% in Jan 2010 to 33.9% and 11.2% in Oct 2016, for Prime and Subprime Auto ABS respectively.”