NEW YORK — According to the S&P/Experian Consumer Credit Default Indices, the auto loan default rate dropped from 1.45 percent in April to 1.34 percent in May. Moreover, first and second mortgage ...
James Chen, CMT is an expert trader, investment adviser, and global market strategist. Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician ...
Defaults break records: Auto loan delinquencies have exceeded 2009 crisis peaks, signaling broadening financial stress beyond subprime borrowers. Fewer buyers remain: Only 15% of Americans are in the ...
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Americans took longer car loans to afford higher prices. Now some are defaulting years later
Car payments have been climbing for years, and for many buyers, the numbers are starting to stretch household budgets. Higher vehicle prices and rising interest rates have pushed monthly payments into ...
Auto loan delinquencies are soaring across the U.S. Find out why that means getting a car loan is becoming tougher for everyone. Auto loan delinquencies and tighter lending indicate economic ...
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