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auto defaults

S&P/Experian: Auto Default Rate Registers Largest Increase Since December 2011

Despite the nine-basis-point increase, the auto loan default rate remains near levels recorded one year ago. However, declining auto sales and the normal end-of-year push to make room for newer models may encourage easier credit conditions and raise concerns about future defaults.

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National Credit Default Rates Rose in September

While consumer credit quality continues to look healthy, the national composite was 1.38 percent in September, slightly up from 1.34 percent in August.

Auto Loan Default Rate Inches Up in February, S&P/Experian Report

The auto loan default rate rose slightly from January to February, but remains below year-ago levels. The two firms also report that overall consumer credit remains healthy.

S&P/Experian: Auto Loan Default Rate Rises in September

Auto was the only loan type to show an increase in its default rate, but officials with the S&P/Experian Consumer Credit Default Indices don’t seem concerned.

Auto Loan Default Rate Up Slightly in August, S&P/Experian Says

Data from the S&P/Experian Consumer Credit Default Indices indicated that the auto loan default rate inched up from July to August.

Default Rates Drop in June

Falling from 1.29 percent to 1.27, the auto loan default rate continued to improve along with other credit categories in July, according to the S&P/Experian Consumer Credit Default Indices.

Auto Loan Defaults On the Rise

Monthly default rates for auto loans and second mortgages have increased through July, while rates decreased for first mortgages and bank car loans, according to new data released today by Standard & Poor’s and Experian.

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