Auto loans 60-plus days delinquent reach record high
DQs at 1.9% relative to loan base
Delinquencies reached record highs in the first quarter as consumers fall behind amid elevated vehicle prices and high monthly payments. Sixty-day delinquencies across the entire credit spectrum have reached a high of 1.9%, relative to the loan base, according to Cox Automotive’s first-quarter Industry Insights and Sales Forecast call. Subprime delinquencies that are 60-plus days past […]
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