Short-term delinquencies rise in Q2, may ‘level out soon’
30-day delinquencies rose 16 bps year over year
Short-term delinquencies increased in the second quarter as consumers continued to grapple with inflationary pressures, but performance is likely to stabilize depending on rate cut decisions by the Federal Reserve. The percentage of auto loans more than 30-plus days past due jumped 16 basis points (bps) year over year to 2.88% in Q2, according to […]
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