Couldn't get past the paywall even by clicking on web so I read the story here https://www.nydailynews.com/news/national/ny-news-auto-loans-behind-red-flag-201

Couldn't get past the paywall even by clicking on web so I read the story here https://www.nydailynews.com/news/national/ny-news-auto-loans-behind-red-flag-20190212-story.html https://www.nydailynews.com/news/national/ny-news-auto-loans... it says >There was a marked difference in delinquency rates between bank vehicle loans and dealer-financed loans as well, the feds noted, with 6.5% of the dealer-originated loans being 90 or more days past due, compared with just 0.7% of such loans granted by credit unions, the Federal Reserve noted. I'm not American so I'm not familiar with how you guys do things down there; but is it possible that this whole thing came about as a result of dealers handing out easy loans as a way to move inventory? I mean the risk is relatively low for them right, they can always repossess the car and resell it themselves so it seems worthwhile for them to finance everyone even if they have no hope of keeping up with their payments. Heck even here in Canada one of the local dealers has a radio jingle that goes "no credit checks, no credit checks, we finance everyone." It seems foreseeable that practices like that, when done at scale could result in a large quantity of loans sitting in arrears