most auto loans are made by local REGULATED banks and credit unions which are generally in good shape and didn't need a bailout, though I think some of them have been forced to accept bailout money anyway.
3. The banks are, actually, every time the repo man shows up
unless the car was financed by one of the offshoots like GMAC.
The problem is that nobody wants to be on the hook for new car payments right now, so nothing is selling. They're either buying used cars or fixing the old car, trying to make it last until the economy improves enough for them to have any faith at all in the future.
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