Subprime Auto Loans: 60+ Day Delinquency Rate Reaches New Highs – What It Means for Borrowers and Lenders
Subprime auto loan delinquencies in the United States have reached levels not seen in over three decades, raising concerns about a potential repeat of the financial conditions that preceded the 2008 crisis. According to data from Auto Finance News, the rate of subprime auto loans 60 or more days past due rose 59 basis points … Read more