Auto loan delinquencies rise, warning lights flash for the market
In the U.S., more borrowers are missing car payments, a trend that could strain lenders, dealers and new-car sales.
Auto loans in the United States are showing more trouble at the payment stage, a warning sign for the entire chain. According to the report, a growing share of customers is missing or delaying installments, with effects that could spread to finance companies, dealerships and automakers.
For the market, this is a delicate issue: if credit tightens, buying a car becomes harder and sales can slow down. In Italy the situation is less severe, but it still offers a useful snapshot of how borrowing costs are changing access to new cars.
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