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Auto loan delinquencies in the fourth quarter hit their highest level since the financial crisis, a report out Thursday revealed.
About $23.27 billion in loans were 30 days or more late as of Dec. 31 — a whopping 14 percent increase from the year earlier and the most since the $23.46 billion in the third quarter of 2008, according to the New York Federal Reserve.
Delinquencies have moved up as the credit quality of the loans has deteriorated and the length of the auto loans has increased — sometimes to 84 months. [...] Delinquencies are the canary in the coal mine when it comes to losses for carmakers.
[...] The average monthly car payment in the fourth quarter rose above $500 for the first time, according to the credit-rating agency Experian.
(Score: 3, Funny) by mcgrew on Saturday February 18 2017, @07:49PM
I drive a subcompact and am constantly disrespected for it. So many assholes will jump in the other lane, pass me, get in front of me, and immediately put on the brakes and turn.
It's not because you drive a subcompact, it's because people are stupid assholes. They did the same thing when I was driving a luxury sedan, and even back when I drove a minivan.
It's to the point I've learned that if somebody tries to overtake me, I actually need to race them.
Then you're one of them, moron. I fucking HATE it when some asshole like you is doing 20 in a 45mph highway, then you have to race the son of a bitch to get around them. After you do, the asshole ALWAYS tailgates.
I hope you lose your license. You're a menace.
Given how superficial women are...
More proof you're a stupid asshole. Go away and quit bothering us grownups, dweeb.
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