THE AUTO LOAN CRISIS: 32-Year Record Defaults Hit American Driveways!

While equity markets trade near record highs, a severe consumer credit contraction has pushed auto loan delinquencies to levels not seen in over three decades. In today's Wall Street Truthbomb, Chief Investment Officer Mark Malek uncovers the shadow data behind the $1.7 Trillion auto debt market and explains why the surge in repossessions poses a systemic risk to consumer lenders and retail spending.Mark analyzes Fitch Ratings data showing 60-day+ subprime auto delinquencies reaching 6.74%—surpassing peak 2008 financial crisis levels. Discover how dealer markups and 72- to 84-month financing terms left millions of drivers $12,000 underwater on depreciating vehicles, how $15,000 charge-off losses per unit are forcing regional banks to tighten credit, and why the breakdown in working-class vehicle balance sheets is a leading indicator for broader retail earnings.CHAPTERS:The Driveway Crisis: Subprime Auto Delinquencies Hit 32-Year Record (6.74%)Total Debt Swells: NY Fed Reports $1.7 Trillion in Total Auto BalancesAnatomy of the Trap: Dealer Markups and 72-to-84 Month Extended FinancingKitchen-Table Arithmetic: The $875 Payment and the $12,000 Underwater GapThe Repossession Trigger: Repair Bills, $250/Mo Insurance, and Voluntary SurrendersInstitutional Plumbing: How $15K Charge-Offs Hit Bank Capital and Auto ABSThe K-Shaped Divergence: 0.7% Prime Delinquency vs. 6.74% Subprime DistressToday's Wall Street Truthbomb: The Broken Balance Sheet Behind the Stock HighsSubscribe to Wall Street Truthbombs: https://www.youtube.com/@wstruthbombs?sub_confirmation=1Substack: https://substack.com/@wstruthbombsX: https://x.com/WSTruthBombsPatreon: https://www.patreon.com/wstruthbombsBlueSky: https://bsky.app/profile/wstruthbombs.bsky.socialTikTok: https://www.tiktok.com/@wstruthbombsTruthbombs videos are for informational and educational purposes only. The views expressed by Mark Malek or guests are their own and do not necessarily reflect those  of Siebert Financial. These videos do not constitute investment advice, an offer to sell, or a solicitation to buy any securities. Past performance is not indicative of future results. Listeners and viewers should consult a qualified financial professional before making any investment decisions.#AutoLoans #CarMarket #Economy #Debt #Banking #Repossessions #MarkMalek #WallStreetTruthbombs #PersonalFinance #CreditCrisisSupport the show