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?"



ATTENTION COMMENTERS: Over the last few months, Automotive News has monitored a significant increase in the number of personal attacks and abusive comments on our site. We encourage our readers to voice their opinions and argue their points. We expect disagreement. We do not expect our readers to turn on each other. We will be aggressively deleting all comments that personally attack another poster, or an article author, even if the comment is otherwise a well-argued observation. If we see repeated behavior, we will ban the commenter. Please help us maintain a civil level of discourse.