Auto Loan Default Rates Drop

By Staff Writer March 19, 2020

The auto loan default rate dropped 10 basis points, to 0.89 percent, according to data released by S&P Dow Jones Indices and Experian through February for the S&P/Experian Consumer Credit Default Indices. The indices represent a comprehensive measure of changes in consumer credit defaults and show that the composite rate was unchanged at 1.02 percent. The bank card default rate increased 13 basis points to 3.41 percent and the first mortgage default rate was unchanged at 0.84 percent.

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Last modified on Tuesday, 24 March 2020 14:34

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