Auto Delinquencies Continue to Climb

Detroit, MI, 30 September 2016 – The delinquency rate on subprime auto loans rose in August, and a credit rating agency that monitors the market said the trend likely will continue through the rest of 2016 as prices of used cars continue to fall.

The delinquency rate has been trending upward throughout 2016 and now approaches peak levels seen in late 2008 and early 2009.

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