S&P/Experian: Auto Loan Default Index

Auto loan default index

Article Summary
  • Auto loan portion of S&P/Experian Consumer Credit Default Indices showed levels still better than year ago
  • Looking at top 5 metropolitan areas, 3 of the 5 cities analysts cover showed decreases in their default rates in January
  • Goal is to track default experience of consumer balances in 4 key loan categories: auto, bankcard, first mortgage lien, and second mortgage lien
Significance of the Data