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Home » Consumers continue to prioritize auto payments, JPMorgan analysts say

Consumers continue to prioritize auto payments, JPMorgan analysts say

Delinquencies and discretionary spending increased in Q3 as personal savings dwindled

Joey PizzolatobyJoey Pizzolato
December 20, 2021
in Risk Management
Reading Time: 1 min read
0
Birds fly past the Marriner S. Eccles Federal Reserve Board building in Washington, D.C.

Photographer: Joshua Roberts/Bloomberg

Captive auto lenders continue to experience strong credit performance and above-average loan and lease payment trends as consumers prioritize vehicle ownership over other forms of transportation. Consumers will likely continue to prioritize their auto payments in an environment where many are avoiding ridesharing and public transportation as new COVID-19 variants emerge, according to a Dec. […]

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Tags: captive financingConsumer spendingdelinquenciesjpmorgan securitiesPremium
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