Auto loan delinquencies – led by subprime – have now surpassed their Great Financial Crisis peak (from S&P Global Mobility via PRNewswire on June 20)…
With American households battling inflation and rising interest rates, auto lenders are seeing increased occurrences of auto-loan delinquencies – but almost entirely in the subprime segment. Surpassing levels last seen during the Great Recession, account-level delinquency rates of auto loans 60+ days past due (DPD) have risen 26 basis points from Q1 2021’s 1.43% to