{"id":136571,"date":"2025-11-15T15:48:09","date_gmt":"2025-11-15T15:48:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/136571\/"},"modified":"2025-11-15T15:48:09","modified_gmt":"2025-11-15T15:48:09","slug":"record-missed-car-payments-fuel-angst-over-subprime-auto-lenders","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/136571\/","title":{"rendered":"Record Missed Car Payments Fuel Angst Over Subprime Auto Lenders"},"content":{"rendered":"<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">The record number of Americans falling behind on<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-11-12\/car-loan-delinquencies-hit-record-for-riskiest-borrowers\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\"> car payments<\/a> is stoking concerns that more pain is in store for subprime auto lenders, following the recent high-profile collapses of <a href=\"https:\/\/www.bloomberg.com\/quote\/1906171D:US\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">Tricolor Holdings<\/a> and <a href=\"https:\/\/www.bloomberg.com\/quote\/2602586D:US\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">PrimaLend Capital Partners<\/a>.<\/p>\n<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">The worries are showing up most clearly in the market for bonds backed by car loans, a key source of funding for lenders to higher-risk borrowers. Investors now want roughly 50 basis points of extra yield to own the lowest-rated slices of subprime auto ABS compared with two months ago, lifting average risk premiums to about 170 basis points, according to Wells Fargo &amp; Co. data, the highest since May.<\/p>\n","protected":false},"excerpt":{"rendered":"The record number of Americans falling behind on car payments is stoking concerns that more pain is in&hellip;\n","protected":false},"author":2,"featured_media":136572,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[93264,910,138,45392,19983,219,273,648,3508,14684,5743,220,111,139,69,4233,3912,21433],"class_list":["post-136571","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-automotive-credit-corp","tag-bonds","tag-business","tag-capital-partners","tag-chief-executive-officer","tag-economy","tag-environment","tag-industries","tag-interest-rates","tag-jamie-dimon","tag-jpmorgan-chase-co","tag-markets","tag-new-zealand","tag-newzealand","tag-nz","tag-wall-street","tag-wealth","tag-wells-fargo-co"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/136571","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=136571"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/136571\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/136572"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=136571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=136571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=136571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}