Don't Show This Chart To Experian: Subprime Auto Delinquencies Hit Highest Level Since 2010
Do not show this chart to Melinda Zabritski:
For those unfamiliar, Melinda is Experian’s senior director of automotive finance and she’s never, ever worried. Or at least not that she lets on.
“We're not seeing anything that would be a red flag,” she said earlier this month in response to data that showed the percentage of auto loans made to buyers with the poorest credit ratings is growing faster than the rest of the auto finance market. As a reminder, here’s the chart that shows the trend: