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