When the global financial system crashed back in 2007, auto lenders described the situation as a confluence of one-off events that would likely never repeat. Investment in shaky mortgages sent shockwaves through the financial markets, clamping access to capital and catapulting the unemployment rate to 10%. Without jobs or the ability to borrow money, consumers […]
Get Auto Finance News Premium for as low as $8 per week!
Start your free one week trial today for access to the latest industry news and trends.