Auto Loan Delinquencies Continued to Climb in the Last Quarter

The 60-day auto delinquency rate continued to climb through the third quarter of 2017. Driven primarily by "relaxed" underwriting standards from years past and increasing subprime originations, TransUnion's senior vice president and automotive business head, Brian Landau, said two-month payment lapses rose 7 basis points to 1.4 percent. At the same time, the average balance of […] The post Auto Loan Delinquencies Continued to Climb in the Last Quarter appeared first on The Truth About Cars. from The Truth About Cars http://ift.tt/Jh8LjA