Subprime Auto Bubble Bursts As "Buyers Are Suddenly Missing From Showrooms"

The American consumers who were stretching themselves to buy or lease a new car are starting to go missing from showrooms.

 Rising interest rates and new-vehicle prices are squeezing shoppers with shaky credit and tight budgets out of the market. In the first two months of this year, sales were flat among the highest-rated borrowers, while deliveries to those with subprime scores slumped 9 percent, according to J.D. Power.

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