Deep-Subprime & Subprime Auto Loans Miraculously Cleaned up by Credit-Score Inflation

A miracle in American consumerism happened during the pandemic, the era of mortgage forbearance, student loan forbearance, and rent moratoriums, and free money sent to consumers via stimulus checks and PPP loans: credit score inflation.  Of the total number of auto loans and leases outstanding in Q2, the share of borrowers with “deep subprime” credit ratings