Loan Performance Worsens Despite Higher Prime Originations, N.Y. Fed Says | Auto Finance News | Auto Finance News

Loan Performance Worsens Despite Higher Prime Originations, N.Y. Fed Says

Despite the increasing share of prime auto loans originated last year, new research from the N.Y. Federal Reserve, with credit data from Equifax, shows overall performance of auto loans is steadily worsening. Cox Automotive Chief Economist Jonathan Smoke said the decline is due to a bifurcated market, with growth in super-prime and subprime. “We have […]

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