«This was the largest spike in the national auto loan delinquency rate that we've observed in quite some time, but we do think it's a regional issue,» said Jason Wang, TransUnion's director of research and analysis in Canada. (moneysense.ca)
They rank above average in delinquency rates on all types of debt and rank in the top 10 for lowest rates of auto loan delinquency and credit - card delinquency.» (cnbc.com)
The aggressive lending has led to the current rise in auto loan delinquencies, prompting a sobering question — will lenders handing out loans to consumers with low FICO scores demand yet another bailout in the future? (thecreditrepairmen.com)