On October 22, 2025, the U.S. auto lending industry was rocked when PrimaLend Capital Partners, a major subprime lender based in Plano, Texas, filed for Chapter 11 bankruptcy. The collapse of ...
In 2025, auto loan debt in the U.S. has ballooned to a staggering $1.6 trillion. Subprime lenders (those who offer high-interest loans to borrowers with poor credit) are now facing a wave of ...
Editor's note: Daniel Kline has covered subprime lending and its impact on the economy since the 2008 housing industry crisis. When the housing industry collapsed in 2008, much of the blame fell on ...
The share of subprime borrowers at least 60 days behind on their auto loans rose to 6.65% in October, the highest level on record, according to Fitch Ratings data going back to the early 1990s.
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