Anecdotal conversations that Cherokee Media Group shared with Auto Intel Summit attendees last week generally indicated that ...

Car repossession rates in 2024 reached their ... with 6.56% of subprime borrowers at least 60 days overdue on their loans since January, according to credit agency Fitch Ratings, who said this ...

The average soared to 15.43% for borrowers with deep subprime, or very poor, credit. Rates on used ... invested in the car makes them less likely to default on their loan. Long loan terms, such ...

And another troubling metric — especially for creditors that operate in the subprime space — Point Predictive’s Early Payment Default ... analysis of auto lending loan data to date ...

According to the latest data from the Dealertrack Credit Availability Index, auto credit access hit the highest level since ...

“I doubt that the subprime car loan default rate is a good indicator of a future GFC, which had much deeper financial causes,” he said. “While it may be indicating some real financial ...