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November 2, 2017 - Industry News

CFPB: Longer-Term Loans Not Having Desired Effect for Borrowers, Finance Sources

The bureau concedes in its report that consumers are financing larger amounts and are electing for longer-term loans to keep monthly payments affordable. However, the regulator also notes that longer-term loans aren't having the desired effect in terms of default rates.

Tags: auto finance, Consumer Financial Protection Bureau, default rates, Long Loan Terms, Subprime Financing

June 20, 2017 - Industry News

S&P/Experian: Concerns About Subprime Auto Bubble ‘Seem to Be Behind Us’

Auto loan defaults fell to a 10-year low in May, squashing concerns about a forming subprime auto loan bubble. But not all consumer credit categories were a picture of health in May.

Tags: auto finance, default rates, F&I office

September 23, 2015 - Industry News

Default Rates Increased in August

Default rates inched up in August across multiple consumer credit categories, including auto loans and mortgages, according to data released by S&P Dow Jones Indices and Experian.

Tags: August sales, default rates, Dow Jones Industrial Average, S&P/Experian

August 18, 2015 - Industry News

Auto Loan Defaults Rise in July

Consumer credit defaults remained relatively stable in July, according to data from S&P Dow Jones Indices and Experian. The on exception were auto loans, which showed an increase in defaults.

Tags: Auto Loans, Consumer Credit, default rates, Experian, S&P/Experian

March 19, 2015 - Industry News

Consumer Credit Defaults Continue Upward Trend

According to S&P and Experian, consumer credit defaults continue to rise, with the bank card default rate leading the way. The auto loan default rate also increased.

Tags: Auto Loans, Credit, default rates, Experian, S&P/Experian

October 17, 2013 - Industry News

National Credit Default Rates Rose in September

While consumer credit quality continues to look healthy, the national composite was 1.38 percent in September, slightly up from 1.34 percent in August.

Tags: auto defaults, default rates, S&P/Experian

March 21, 2013 - Industry News

Auto Loan Default Rate Inches Up in February, S&P/Experian Report

The auto loan default rate rose slightly from January to February, but remains below year-ago levels. The two firms also report that overall consumer credit remains healthy.

Tags: auto defaults, default rates, S&P/Experian

October 18, 2012 - Industry News

S&P/Experian: Auto Loan Default Rate Rises in September

Auto was the only loan type to show an increase in its default rate, but officials with the S&P/Experian Consumer Credit Default Indices don’t seem concerned.

Tags: auto defaults, auto loan, Auto Loans, Credit, default rates, S&P/Experian

May 17, 2012 - Industry News

Auto Loan Default Rate Falls to Eight-Year Low

Default rates for all loan types except bank cards fell for the fourth consecutive month, reaching their lowest levels since at least the end of the recent economic crisis.

Tags: auto finance, default rates, S&P/Experian

September 20, 2011 - Industry News

Auto Loan Default Rate Up Slightly in August, S&P/Experian Says

Data from the S&P/Experian Consumer Credit Default Indices indicated that the auto loan default rate inched up from July to August.

Tags: auto defaults, Credit, default rates, Experian, Standard and Poor's

August 18, 2011 - Industry News

Default Rates Drop in June

Falling from 1.29 percent to 1.27, the auto loan default rate continued to improve along with other credit categories in July, according to the S&P/Experian Consumer Credit Default Indices.

Tags: auto defaults, Auto Loans, Credit, default rates, Experian, Standard and Poor's

November 16, 2010 - Industry News

Auto Loan Default Rate Declines in October, Reports S&P/Experian

The default rate for auto loans declined 1.92 percent in October, the Standard & Poor’s/Experian Consumer Credit Default Indices revealed.

Tags: Auto Loans, default rates, Experian

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