Consumers continue to prioritize auto payments, JPMorgan analysts say
Delinquencies and discretionary spending increased in Q3 as personal savings dwindled
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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