Auto Finance Defaults Remain Low Featured

By Staff Writer December 20, 2018

The auto finance default rate rose slightly in November, but remains low for the year.

The default rate rose to 0.93 percent from 0.92 percent in October, according to S&P Dow Jones Indices and Experian. October was the lowest level for 2018.

All finance types showed a default rate within one basis point of the prior month in November. Bankcards and first mortgages also reached their lowest levels of 2018 within the past three months.

Last modified on Thursday, 20 December 2018 14:32

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