The next 6 to 12 months will reveal whether or not subprime auto loans are headed for serious trouble, according to David Blitzer, managing director and chairman of the Index Committee for S&P Dow Jones Indices. But today, it’s just too hard to say.
The nation’s auto default rate remains unchanged from last month at 0.96%, just four basis points above its historical low, according to data through July released by the S&P/Experian Consumer Credit Default Indices. Overall consumer default rates, including mortgages and credit cards, declined slightly, according to the comprehensive measure.
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Sell Bulk Auto Notes - BHPH Auto Loan Buyer 