Delinquency rate for subprime auto loans SOARS UP

[O3H]

This is just NUTS , auto lenders are choosing to roll negative equity at trade-in ; in to next vehicle loan.
Big spike in the proportion of "deep subprime" deals, those with avg. FICO score of less than 500.

Yep, the USA is just BOOMING wonderful, with everyone extremely happy, a brand new car, a chicken in the pot, well insured - and flush with extra cash ......Winning Bigly in the USA .......

http://www.businessinsider.com/wall-...r-loans-2017-3

Add in New data shows that 73% of American consumers die in debt. The average total balance left over is $61,554 [[and that includes mortgage debt).

http://time.com/money/4709270/americans-die-in-debt/