Used-Car Prices Put Auto Finance in a Pickle – Wall Street Journal (subscription)

The U.S. car-financing market is flashing worrying signals. And the big Japanese car makers will take the first hits.

Car-lease volumes in the U.S. have risen rapidly over the past two years for Japan’s big three car makers. Toyota, Honda and Nissan have been among the most aggressive this cycle, with close to 30% of sales coming from lease transactions for all three, according to Jefferies. For Ford Credit, for instance, the rate…

Used-Car Prices Put Auto Finance in a Pickle – Wall Street Journal (subscription)}