I don't think Auto Subprime Loans are as risky as Housing ones. I'm not saying they are okay, but there is less risk involved.

I'm quoting https://www.marketplace.org/2017/06/21/economy/subprime-auto-loans-rates-why-worried-economy

One, big banks, which invested heavily in the subprime housing loan market, are slowly shying away from subprime auto loans. Two, compared to mortgages, auto loans make up a much smaller portion of the U.S. household debt. And three, while houses whose owners default can be difficult for banks to sell in order to recoup losses, there is always a market for used cars. Still, banks are starting to back away from these loans.