Subprime, Prime, and Overall Auto-Loan Delinquency Rates: Why this Surge in “Subprime” Delinquencies when “Prime” Is Pristine?
wolfstreet.com/2025/01/22/subprime-prime-and-overall-auto-loan-delinquency-rates-why-this-surge-in-subprime-delinquencies-when-prime-is-pristine
We’re in the 4th cycle of the subprime profit motive after auto-loan securitizations became a thing in the early 1990s.
By Wolf Richter for WOLF STREET.
The 60-plus-day delinquency rate of subprime auto loans rose to 6.15%, a new record for December in the data going back to the early…
This story appeared on wolfstreet.com, 2025-01-22 23:45:50.