Core Insights - Alarm bells are ringing on Wall Street due to the recent collapses of Tricolor, a used car seller and sub-prime auto lender, and First Brands, an auto parts supplier, raising concerns reminiscent of the 2008 financial crisis [1][4] - The car lending market is showing signs of strain, with repossessions increasing, particularly in the sub-prime sector, indicating potential credit stress among lower-income households [2][4][6] Company-Specific Developments - Tricolor's bankruptcy has led JPMorgan Chase to disclose a $170 million charge, prompting CEO Jamie Dimon to warn of potential further issues in the market [2] - First Brands has received $500 million in rescue financing from a bankruptcy court, although concerns were raised about the viability of further lending [5] Industry Trends - Repossessions in the sub-prime auto market are on the rise, with indications that some sub-prime lenders are tightening their financing practices compared to two years ago [4] - Distress in auto lending is viewed as a bellwether for broader economic conditions, particularly affecting lower-income households who prioritize auto payments [6][7]