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Joined 2 years ago
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Cake day: June 3rd, 2023

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  • The average price for a new vehicle topped a record-breaking $50,000 in September. Meanwhile, auto loan delinquency rates are at all-time highs for those with subprime credit ratings — those with credit scores below 670 — doubling since 2021 to reach 6.43 percent. The default rate is now worse than during the last three recessions: the COVID-19 pandemic, the Great Recession, and the dot-com bust.

    Seems like you and the article are on the same page.