Related: https://www.telegraph.co.uk/business/2025/10/20/americans-ca...
Wonder what the spillover effects will be of the auto lenders collapsing. With how much we love to repackage debt to earn a few bucks, there could be a ton of financial instruments intertwined with defaulted auto loans.
On the plus side, if everyone has their vehicle repossessed, maybe it will encourage more public transit and bike lanes.