Delinquencies surpass pre-pandemic levels
The rate of auto loans 60-plus days delinquent in the fourth quarter rose above pre-pandemic levels for the first time ...
Tag: delinquencies
Car debt is piling up as more Americans owe thousands more than vehicles are worth
Chris Martin knew he needed a bigger car as the birth of his fourth child approached, but he and his ...
Banks continue auto lending cut back in Q4
Rising interest rates and competitive pricing have caused auto lenders to cut back on originations as the majority of banks ...
Lower financing margin drives down Ford Credit EBT
A dip in financing margin along with lower credit loss and lease residual releases contributed to an 82.1% year-over-year decline ...
Recoveries dip across auto ABS deals
Annualized net losses increased across prime and nonprime auto asset-backed securities (ABS) transactions in November as declining used-vehicle values contributed ...
Delinquencies close in on pre-pandemic levels in Q3
Delinquencies moved closer to pre-pandemic levels in the third quarter in tandem with rising vehicle prices and consistent interest rate ...
Under the Hood: CFPB eyes disabling of starter-interrupt devices
Vehicle starter-interrupt devices may be headed for the chopping block if regulators have their way. In its “Supervisory Highlights” report ...
CPS tightens credit in Q3
Consumer Portfolio Services raised interest rates and tightened credit in the third quarter but continued to log year-over-year origination growth ...
