Wednesday , March 20 2019
Home / David Stockman's Contra Corner / Subprime Shifts To The Fast Lane: Auto-Loan Delinquencies Spike to Great Recession Levels

Subprime Shifts To The Fast Lane: Auto-Loan Delinquencies Spike to Great Recession Levels

Summary:
Serious auto-loan delinquencies – loans that are 90 days or more past due – surged to 4.47% of total auto loan balances in Q4 2018, according to New York Fed data this morning. This put the auto-loan delinquency rate at the highest level since Q1 2012 and just 0.6 percentage points below the peak during the Great Recession in Q1 2011. https://wolfstreet.com/2019/02/12/subprime-arrives-auto-loan-delinquencies-spike-to-great-recession-levels/ .

Topics:
David Stockman considers the following as important:

This could be interesting, too:

David Stockman writes Good Job, Donald! You Hit Uncle Sam’s Overdrawn Credit Card To Goose Growth & Got This

David Stockman writes What Currency Deal? What Trade Deal? So Far, Not Worth A Hill of (Soy)Beans!

David Stockman writes From ‘Indispensable Nation’ Back To Ugly American

David Stockman writes Thanks For The Massive Corporate Tax Cut, GOP! CapEx Orders Back To May 2008 Levels

Serious auto-loan delinquencies – loans that are 90 days or more past due – surged to 4.47% of total auto loan balances in Q4 2018, according to New York Fed data this morning. This put the auto-loan delinquency rate at the highest level since Q1 2012 and just 0.6 percentage points below the peak during the Great Recession in Q1 2011.

Subprime Shifts To The Fast Lane: Auto-Loan Delinquencies Spike to Great Recession Levels

https://wolfstreet.com/2019/02/12/subprime-arrives-auto-loan-delinquencies-spike-to-great-recession-levels/

.

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

Leave a Reply

Your email address will not be published. Required fields are marked *