Subprime Auto Loans

Auto Loan Subprime Defaults Hit Crisis Levels

Subprime auto delinquencies are currently approaching crisis-era peak levels, bad news for finance providers and the wider consumer debt market according to a recent research booklet from the team at Morgan Stanley.

According to Morgan Stanley Research, across prime and subprime loan pools, 60+  day delinquencies are currently running at 0.54% and 4.51% respectively. The crisis-era peak for sub-prime auto delinquencies was 4.69%, and if delinquency rates continue to accelerate, they will pass this vital level before the end of the year. At the . . .

SORRY!

This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

If you are subscribed and having an account error please clear cache and then cookies if that does not work email support@valuewalk.com and we will get back to you as quick as humanly possible


Saved Articles
X
TextTExtLInkTextTExtLInk

Are you a smart investor? Join tens of thousands of sophisticated investor reading our authoritative free newsletter

* indicates required


Congrats! Are you a smart person?

We have an exclusive targeted for being a sophisticated and loyal reader.

Sign up for ValueWalkPremium today and get our exclusive content for 35% off.

Use coupon code vip19 or click on the button below

Limited time offer only ENDS 11/30/2019 or after next 25 12 subscribers take advantage whichever comes first – please do not share this discount with others

 

0