Discussion about the future of the subprime automotive lending market has been all the buzz within the automotive, lending and business communities, and Dealertrack recently shared its perspective on this issue with Automotive News in an Opinion Editorial. In the April 27 issue of AutoNews, Dealertrack’s Co-President Raj Sundaram discussed how we believe that the subprime lending market is in a healthy position based on our years of industry experience, insights and data. Here’s an excerpt:
“There's been a lot of hand-wringing in the press and financial circles lately that subprime automotive lending may have rebounded too fast or too far in recent years. And while it's natural that all of us should remember key lessons from the 2008 financial crisis, today's conditions in automotive subprime bear virtually no resemblance to the mortgage issues that precipitated that fateful bubble. At Dealertrack, our view is that subprime lending today is at a healthy, rational level. We see this type of lending delivering a clear benefit to the economy…”
Click here to read the complete commentary.