Serious Delinquency Rates for Subprime & Prime Auto Loans, their Balances, and their Burden: Our Drunken Sailors in Q2

Serious Delinquency Rates for Subprime & Prime Auto Loans, their Balances, and their Burden: Our Drunken Sailors in Q2

Subprime is, as always, in trouble, which is why it’s subprime – high-risk-high-profit auto sales & lending that can entail steep losses.

Serious Delinquency Rates for Subprime & Prime Auto Loans, Their Balances, and Their Burden: Our Drunken Sailors in Q2

by Wolf Richter Wolf Street Subprime is, as always, in trouble, which is why it’s subprime – high-risk-high-profit auto sales & lending that can entail steep losses. To depict how consumers are handling their auto loans and leases, we look at three delinquency measures: the 60-plus-day delinquency rate for all auto loans and leases, including subprime, reported by Equifax today; the 60-plus-day prime delinquency rate and the 60-plus-day subprime…