Hazard lights are flashing from one corner on US economy. It's about loans again

  • Posted on October 2, 2024
  • By Business News Today
  • 4 Views
Hazard lights are flashing from one corner on US economy. It's about loans again

US economy risks: Delinquencies in the $1.6 trillion US auto lending market are rising, with loans from 2022 and 2023 performing below expectations. Higher vehicle prices post-pandemic inflated loan servicing costs, worsening credit performance. Lenders like Ally Financial and Credit Acceptance Corp. face significant challenges, while cautious players like Capital One adjust their strategies.
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