Auto Finance Defaults Decline Featured

By Staff Writer May 16, 2018

The auto finance default rate fell to 0.99 percent in April from 1.05 percent in March.

The S&P/Experian Consumer Credit Default Indices shows that the overall composite rate decreased to 0.92 percent.

Four of the five major cities saw decreases in composite default rates in April.

However, the composite default rate for Miami has increased to its highest level in more than five years.

Last modified on Wednesday, 16 May 2018 13:15

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