Subprime auto delinquencies in March are likely performing better than recently reported, largely due to “double counting” between late-stage delinquencies and charged-off accounts, Amy Martin, senior director of structured finance at S&P Global Ratings, told Auto Finance News. Sixty-plus-day subprime delinquencies hit 8.5% in March, following an all-time high of 8.8% in February, according to […]
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