Auto Finance Defaults Remain Stable Featured

By Staff Writer April 18, 2018

Auto finance default rates continue to remain stable.

S&P Dow Jones Indices and Experian report that the auto finance default rate fell to 1.05 percent from 1.09 percent in February. They were 1 percent in March 2017.

Three of the five major cities saw an increase in composite default rates in March. Miami had the largest rise, climbing to 2.13 percent. Composite default rates for Miami have increased for four consecutive months.

Last modified on Wednesday, 18 April 2018 01:12

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