S&P: Payment extensions spike in March | Auto Finance News | Auto Finance News

S&P: Payment extensions spike in March

© Can Stock Photo / merznatalia

Auto loan extensions spiked in March in one of the first tangible effects the COVID-19 pandemic has had on the auto finance industry, according to S&P Global Ratings. The rating agency examined prime and subprime auto asset-backed securities shelves and found that in the prime segment alone, extensions equaled 3.94% of total outstanding loans at […]

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