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

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

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