Tag
auto loans
2 articles
Subprime Auto Delinquencies Hit 30-Year High as Repossessions Surge 43%
Delinquencies among subprime borrowers doubled since 2021, hitting 6.5% in January, as repossessions jumped to 1.73 million vehicles last year.
Auto Loan Originations Hit Record $211 Billion in Q2 as Delinquency Rate Edges Down
U.S. consumers drove auto, credit card and home equity balances higher in the second quarter even as the overall delinquency rate dipped, the New York Fed said.