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Delinquencies expected to normalize in the next 18 to 20 months

Loan amounts and monthly payments continue to soar in Q3

Whitney McDonald by Whitney McDonald
December 10, 2021
in Risk Management
Reading Time: 1 min read
0

Delinquency rates are expected to start normalizing in the next 18 to 20 months as high vehicle values and record-low subprime volumes in the third quarter begin to affect the overall market. Heightened vehicle values and costly monthly payments are expected to disrupt low delinquencies during the next two years, Melinda Zabritski, senior director of […]

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