Auto Loan Delinquencies on the Rise, But Consumers Continue to Place Great Value on Such Loans
CHICAGO, Oct. 17, 2022 (GLOBE NEWSWIRE) — Lower inventories, higher prices and reduced demand, among other factors, are central to some of the changing dynamics in the auto finance market, resulting in a rise in auto loan delinquency rates. A new TransUnion (NYSE: TRU) study, “A Critical Eye on Auto Performance,” found that despite an increase in serious auto loan delinquencies, consumers possessing multiple credit products continue to value auto loans nearly as much as mortgages, and much more than their credit cards.
TransUnion study examines current state of delinquencies – TransUnion – Credit Union Collections – Credit Union Collectors
More Stories
Auto Lending Accelerates as Borrower Credit Quality Slips
After the Repo: When Does a Credit Union Finally Admit the Loss?
Auto Lending Is Moving Down the Credit Risk Ladder – Collections and Repo May Follow
The Vendor Scorecard Playbook: Your Head Start on 2027
The Fraud Factory
Holmes Motors to Pay $137,000 Over Alleged Violations of Servicemembers’ Vehicle Lease Rights