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.

Rate this item
(0 votes)
Last modified on Tuesday, 24 March 2020 14:34

Trending News

F-150 Tops Most-Searched List

F-150 Tops Most-Searched List

Jun 03, 2020 Rate: 5.00

iRecon Revamps Platform

iRecon Revamps Platform

Jun 03, 2020 Rate: 0.00

Group 1 Appoints CFO

Group 1 Appoints CFO

Jun 03, 2020 Rate: 5.00