Performance Report: Consumer Unsecured & Subprime Auto Loans, March 2023

dv01’s latest performance report is now available. 
 

Quick Insights

• Consumer Unsecured: Both Overall and 30+ New Impairments rose significantly higher than season trends—28 bps and 18 bps MoM, respectively (page 6).

• Consumer Unsecured: Impairments for loans aged 3-6 Months declined for the sixth consecutive month, suggesting tighter underwriting is beginning to manifest in better performance in late 2022 vintages (page 12).

• Subprime Auto: First quarter performance in Subprime Auto has remained robust (page 21).

• Subprime Auto: When analyzing impairments by income, the Below $40K cohort has outperformed all other segments in 2023 thus far (page 26).