Hurricane Helene spurs uptick in payment extensions
Extensions rose 17 bps YoY to 0.63% across securitized prime auto loans
Some auto lenders saw a rise in payment extensions following Hurricane Helene, with Hurricane Milton expected to affect extension rates in the coming months. Across prime securitized auto loans, the weighted average extension rate based on dollar balance landed at 0.63% in September, up 17 basis points (bps) year over year and 2 bps […]
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