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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/ .

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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/

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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.

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