BMW Not Immune To Carmageddon Either

Seven days ago, I wrote a post titled,

Carmageddon Is Back On

You see, auto-loan delinquencies are at all-time highs again. But there are two distinct root causes that I can point to regarding Carmageddon:1)    Auto loan rates have risen from 4.56% in 2014 to 6.26% in February.  Thus, a loan on new or used car has gone up 37%.2)    Carmakers that used zero-percent financing offers to juice sales at the height of the American auto boom are starting have nearly eliminated this store buster tactic because rising interest rates as well…their own borrowing costs.3) Carshare / rideshare services like Lyft and

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