Tuesday 14 November 2017

There are worrying signs in a $200 billion corner of the auto loan market 

There are worrying signs in a $200 billion corner of the auto loan market 

http://uk.businessinsider.com/there-are-worrying-signs-in-a-200-billion-corner-of-the-auto-loan-market-2017-11

..In a post out Tuesday, researchers led by Andrew Haughwout highlighted the nearly doubling of the rate of delinquencies in subprime auto loans originated by auto finance companies since 2011. "Since 2011, the overall delinquency rate of loans originated by auto finance companies has significantly deteriorated," the report said. 
The 90+ days delinquent rate for subprime auto loans originated by auto finance companies is up more than two percentage points since 2014, and now stands at close to 10%, according to the report. That's higher than the highest rate following the dotcom crash, and close to the highs in 2009 after the financial crisis.  ..

No comments:

Post a Comment

Car finance: Top 10 PCP myths busted

Car finance: Top 10 PCP myths busted  https://www.thecarexpert.co.uk/car-finance-top-10-pcp-myths-busted/4/  PCP Myth #9: There’s no ri...