Subprime Market Aids Car Industry Growth | WAMU 88.5 - American University Radio
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Subprime Market Aids Car Industry Growth

The average credit score for new- and used-car buyers has taken a fall since the days of the financial crisis in 2008. It's fallen especially in the last two quarters. Brands such as Kia and Dodge are gobbling up a disproportionate number of subprime buyers. An increasing number of new-car buyers are getting loans with interest rates higher than 10 percent.
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Hugh Merwin, an editor at Grub Street, bought a 63-ounce jug of pumpkin spice syrup and put it in just about everything he ate for four days. As he tells NPR's Scott Simon, it did not go well.
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