Tag: banks
-
Auto-Loan Delinquencies Spike To Q3 2009 Level, Despite Strongest Labor Market In Years
Authored by Wolf Richter via WolfStreet.com, But what will happen to banks and automakers when the cycle turns? Serious auto-loan delinquencies – 90 days or more past due – jumped to 4.69% of outstanding auto loans and leases in the first quarter of 2019, according to New York Fed data. This put the auto-loan delinquency rate…