More consumers are prone to negative vehicle equity on used-vehicle loans on the heels of climbing loan-to-value ratios at the point of origination over the past two years, posing a risk of delinquencies. The average loan-to-value (LTV) ratio on used-vehicle originations jumped to 125% in the first quarter of 2023, compared with 110% in Q1 […]
Source : AutoFinanceNews
