JIM HENRY

Let's find subprime's middle ground

Jim Henry is a special correspondent for Automotive News

Dealerships ought to enjoy the gathering race among auto lenders to get back into subprime auto lending because history says it won't stay this way.

Subprime bottomed out in the last recession. In the meantime, Santander Consumer USA bought up a lot of subprime lenders. Last year, GM bought GM Financial, the former AmeriCredit. This year, several small, independent companies -- including some startups -- are expanding or getting into subprime auto lending.

Suddenly, subprime is a hot ticket again. Isn't there a happy medium in subprime -- somewhere between "full-speed ahead" and "all stop?"

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