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Automotive Industry:United States: Difference between revisions
Automotive Industry:United States (view source)
Revision as of 18:22, 16 August 2024
, 16 August 2024→Auto Loan Performance
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== Auto Loan Performance == | == Auto Loan Performance == | ||
[[US Auto Loan Performance: Historical Releases]] | [[US Auto Loan Performance: Historical Releases]] | ||
=== Auto Loans === | |||
=== Deliquencies === | |||
[[File:Auto Deliquenciesa24.png|center|thumb|1145x1145px|<ref>https://public.tableau.com/app/profile/investmentwiki/viz/USAutomotiveIndustry_17231340099960/AutoDeliquencies#1</ref>]] | [[File:Auto Deliquenciesa24.png|center|thumb|1145x1145px|<ref>https://public.tableau.com/app/profile/investmentwiki/viz/USAutomotiveIndustry_17231340099960/AutoDeliquencies#1</ref>]] | ||
=== June 2024 === | === Cox Developments === | ||
==== June 2024 ==== | |||
Auto loan performance deteriorated in June, as delinquencies and defaults increased.<ref>https://www.coxautoinc.com/market-insights/auto-market-weekly-summary-07-15-24/</ref> | Auto loan performance deteriorated in June, as delinquencies and defaults increased.<ref>https://www.coxautoinc.com/market-insights/auto-market-weekly-summary-07-15-24/</ref> | ||
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* The year-to-date default rate is 3.07%, which is 17 BPs higher than the default rate in 2019. | * The year-to-date default rate is 3.07%, which is 17 BPs higher than the default rate in 2019. | ||
=== March 2024 === | ==== March 2024 ==== | ||
* In March, 1.88% of auto loans were severely delinquent. That was down from 2.04% in February and was the highest rate for March, dating back to at least 2006.<ref>https://www.coxautoinc.com/market-insights/auto-market-weekly-summary-04-15-24/</ref> | * In March, 1.88% of auto loans were severely delinquent. That was down from 2.04% in February and was the highest rate for March, dating back to at least 2006.<ref>https://www.coxautoinc.com/market-insights/auto-market-weekly-summary-04-15-24/</ref> | ||