We're clearly dealing with a cohort of borrowers who have been struggling with cost of living and now are struggling with an employment picture that's worse.
Our sense is that's probably going to expand in coming months just given the size of this population of struggling borrowers.
This period of time is unprecedented, and it's been very hard to model.
About 4% of auto loans had monthly payments of $1,000 or greater as of the second quarter of this year - up from 1%.
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