Delinquencies surpass pre-pandemic levels
60-day delinquency rate increased to 0.87% in Q4
The rate of auto loans 60-plus days delinquent in the fourth quarter rose above pre-pandemic levels for the first time as monthly payments continue to climb. The rate of loans 60-plus days past due increased 21 basis points year over year to 0.87% in Q4 2022, accounting for 0.99% of all loan balances, according to […]
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