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Compared to millennial cohort a decade ago, they’re tapping credit more and have higher delinquency rates, report found.
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TransUnion research finds a lack of inventory and low interest rates turned consumers away from leasing new cars and trucks over an 11-month period.
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Report shows those 60 days or more overdue reached 10-year high.
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Q3 2022 TransUnion Credit Industry Insights Report explores latest credit trends.
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Recent data points to more auto borrowers struggling to keep up with loans, but default rates remain below pre-pandemic levels.
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Q2 2022 TransUnion Credit Industry Insights Report explores latest credit trends.
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Despite challenges, TransUnion’s Credit Industry Insights Report shows consumer health and demand for new vehicles remains strong.
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Q1 2022 TransUnion Credit Industry Insights Report explores latest credit trends.
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With consumer credit performance maintaining healthy levels across auto, credit card, personal loans and mortgages, lenders continued to ramp up new account origination growth in the non-prime segment of the market near the end of 2021.
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TransUnion study finds borrowers used auto loan deferments as a safety net during the COVID-19 crisis.
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