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.