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High gas prices could last through July, stressing subprime consumers

Auto Finance Capital Summit, Auto Finance Summit East

Aidan Bush

A snowball effect started by rising gas prices could make it more difficult for subprime borrowers to afford vehicles, while affluent buyers might shift to EVs, industry experts say. Fitch Ratings economists project the Strait of Hormuz to stay closed through July, keeping oil shipments constrained and elevating gas prices, Senior Direct of Asset-Backed Securities […]

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