Over half of prospective car buyers responding to a TransUnion survey expressed intent to purchase a gas-powered vehicle this year.
Survey finds increased concern about tariff effects on finances, potential of a recession.
Delinquency rates flatten and are expected to fall next year.
Trend was more pronounced for the segment than for property insurance.
Volume reached near prepandemic levels in the second quarter.
Compared to millennial cohort a decade ago, they’re tapping credit more and have higher delinquency rates, report found.
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.
Report shows those 60 days or more overdue reached 10-year high.
Q3 2022 TransUnion Credit Industry Insights Report explores latest credit trends.
Recent data points to more auto borrowers struggling to keep up with loans, but default rates remain below pre-pandemic levels.
