Subprime car giant’s loans souring at quickest clip since 2008

By Adam Tempkin

  • On Line: Oct 25, 2019
  • Final Modified: Jan 19, 2020

An increasing percentage of Santander customer United States Of America Holdings Inc. ’s subprime auto loans are getting clunkers right after the vehicles are driven from the lot.

Some loans made last year are souring during the rate that is fastest since 2008, with increased consumers than usual defaulting in the first couple of months of borrowing, in accordance with analysts at Moody’s Investors Service. A lot of loans had been packed into bonds.

Santander customer is just one of the biggest subprime car loan providers available in the market. 続きを読む