Auto loan delinquency numbers from NY Fed – Business Insider
6 million Americans have stopped paying their car loans, and it’s becoming a ‘significant concern’
The delinquency rate for subprime is ticking up. Liberty Street Economics
There is a lot of talk out there about the auto-loan market right now.
It’s a topic we’ve been paying attention to as well. In a presentation in September at the Barclays Financial Services Conference, Gordon Smith, the chief executive for consumer and community banking at JPMorgan, set out some eye-opening statistics on the market. …
