Traditional car companies in Europe, the United States and Japan are facing the longest winter in the car market, with unprecedented layoffs at closed factories in history
Car owners are missing their monthly payments at the highest rate in more than 30 years
In January, the share of subprime auto borrowers at least 60 days past due on their loans rose to 6.56%, the most since the data collection began in 1994, according to Fitch Ratings.
Source: Bloomberg
It's all about "how much you made when you were right" & "how little you lost when you were wrong"