Monthly auto default rises remain below 6 basis points
Chart courtesy of S&P Dow Jones Indices and Experian.
Tuesday, Aug. 23, 2022, 03:11 PM
SubPrime Auto Finance News Staff
While the auto finance default rate has ticked up during 11 of the past 12 months, none of those month-over-month increases have been more than 6 basis points. The latest rise according to the S&P/Experian Consumer Credit Default Indices came in below that level, as data through July compiled by S&P Dow Jones Indices and […]