Sub-prime auto delinquencies hit six-year high

摘要

Sub-prime autoloan delinquencies hit their highest point in six years in the third quarter, as more borrowers with fragile finances fell behind on payments, according to the Federal Reserve of New York's quarterly report on household debt. The rate of severely delinquent sub-prime autoloans - those tagged as more than 90 days unpaid - hit 2% in the third quarter, or the highest level since the third quarter of 2010, according to the report released on Wednesday.