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.
Read More!
More Stories
The Auto Industry Isn’t Facing a Demand Problem, It’s Facing a Value Problem
Auto Delinquencies Show Mixed Signals in April
Servicing Is Eating Originations – Ahead of the Curve Part 3