CREDIT: Delinquencies Remain Low Even as Subprime Grows | Auto Finance News | Auto Finance News

CREDIT: Delinquencies Remain Low Even as Subprime Grows

barbellDELINQUENCIES

Auto loan delinquencies are on the rise, loan terms are getting longer, and as subprime auto lending continues to grow, so does the fear that the industry is on the brink of creating a similar financial crisis that caused the recession about five years ago.

That’s the upshot in auto finance credit performance today.

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