Auto Finance Defaults Decline Featured
17 May 2017
Auto finance defaults dropped in April.The S&P/Experience Consumer Credit Default Indices measure of auto finance defaults declined to 0.9 percent.That is down from 1 percent in March and down compared to 0.97 percent in April 2016. Four of the five major cities saw their overall credit default rates decrease in the month of April. Chicago experienced the largest decrease. New York was the only city reporting a default rate increase.