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A greater share of people with low credit scores has been falling behind on their car payments in recent months, a sign of stress among consumers whose finances have been hit hard by the pandemic.
The recovery in U.S. auto sales is leaving behind borrowers with subprime credit, according to the latest statistics from Experian Automotive.
For shoppers with subprime credit who’d like to buy a new, entry-level car, the U.S. auto industry has a message: Fuhgeddaboudit.