Might be a real good time to look for a used car.
The banks have done it again with Santander Bank being front and center. We are seeing a repeat of the subprime housing crisis several years back but now it is auto loans. Dealers and banks lending people money who had no business getting involved with more personal debt then bundling the loans and selling them off. History always seems to repeat it self and a lot of low mileage cars are going to be coming back to dealers lots as repos for resale. One word of caution in that people that can't pay for their car usually don't maintain it very well oil changes etc. As a buyer you need to be aware of this. Some dealers have so many used cars on their lots at present they cannot accept new inventory from the manufacturer which is causing the whole system to back up. See link below.
Great info thanks for sharing!