Auto delinquencies ‘stabilizing’ heading into 2025
60-day delinquencies rose 6 bps YoY in Q3
Auto delinquencies are expected to stabilize in 2025 as interest rate cuts by the Federal Reserve offer added refinancing opportunity for consumers seeking more affordable monthly payments. The delinquency rate on auto accounts more than 60-days past due was 1.41% in the third quarter, up 6 basis points (bps) year over year, according to TransUnion’s […]
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