Utah's Credit Struggles Persist as Consumer Unsecured Outperforms and Subprime Auto Faces Mixed Results

Additional market data was incorporated into our research, providing a more comprehensive representation of the unsecured personal lending landscape. We have also introduced a new section highlighting changes in pricing across key attributes, made adjustments to our FICO and income ranges, and conducted an in-depth analysis.

Quick Insights

• TransUnion Data: Utah continues to underperform, with rapid balance growth and negative AEP behavior persisting. Utah also exhibits higher delinquency growth rates than the national average across Auto and Bank Card loans.

• Consumer Unsecured: November was another month of wholesale performance improvement, with all metrics materially outperforming seasonally-adjusted comps.

• Subprime Auto: November saw modestly weaker credit performance, with 30+ Impairments falling 3 bps MoM. However, when excluding performance in hurricane areas, 30+ impairments rose more than 52 bps nationwide.