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That’s an interesting one. Gear oil isn’t red and there’s nothing on the diff cover. It’s almost like it’s something residual that got splashed onto the subframe. I’d clean it off with a few cans of brake cleaner and watch it for a while to see if something returns.
I have too but everything was covered. This is only on the subframe…not the diff, axles, exhaust or anything else you can see. Migrating that far and only being on the subframe doesn’t seem likely.
I agree. From the looks of the bolt, it's been removed. I bet they put some kind of red grease on the bushing before installing it and that's what it is from. You can see it along the edge of the bushing to the left of the drip.
Spray it with some brake cleaner or degreaser and see if it returns. It looks like Mercon ULV (trans fluid) but I have no idea how it would end up all the way back there. Maybe you ran over a bottle of trans fluid somewhere?