FI showroom red and grey logo
MenuMENU
SearchSEARCH

Experian Automotive: Repossessions Fall to Lowest Rate on Record

In addition to record-low repossessions, 30-day delinquencies drop and 60-day delinquencies remain flat as the auto finance market stays strong.

by Staff
August 15, 2013
2 min to read


SCHAUMBURG, Ill. — Experian Automotive today announced that quarterly vehicle repossessions dropped by 14.8 percent in the second quarter to their lowest rate since the firm began tracking the data seven years ago.

According to the company’s latest “State of the Automotive Finance Market” report, 0.36 percent of all vehicle loans ended in a repossession, down from 0.43 percent in the year-ago period. This change also represented a 10.4 percent decrease from the previous low of 0.41 percent recording in the second quarter 2006.

Ad Loading...

Additional findings from the report showed that 30-day delinquencies decreased by 5.6 percent on a year-over-year basis, falling from 2.52 percent in the year-ago quarter to 2.38 percent in the second quarter 2013. While slightly up from the first quarter (by two basis points), this decrease brings 30-day delinquencies to their lowest level for the second quarter since 2006.

Sixty-day delinquencies remain relatively flat year over year but still are extremely low at 0.58 percent.

“Repossession and delinquency rates seen this quarter were lower than expected,” said Melinda Zabritski, Experian’s senior director of Automotive Credit. “The seasonality of the market usually has the first quarter showing the lowest 30-day delinquency rates, but even with the total automotive loan portfolio growing, consumers in the second quarter have done an exceptional job of meeting their financial obligations to keep the market strong.”

The report also showed that the total balance of outstanding automotive loans grew from more than $682 billion in the second quarter 2012 to nearly $751 billion in the second quarter 2013. Banks increased their total dollar volume by $24 billion, followed by credit unions ($18 billion), finance companies ($16 billion) and captive finance companies ($11 billion).

Here are additional highlights from the report:

Ad Loading...

• The balance of loans that are 30 days delinquent rose by $761 million in the second quarter. However, on a percentage basis, delinquencies represent just 1.96 percent of the total loan balance, down from 2.05 percent in the year-ago period.

• Sixty-day delinquencies account for just 0.42 percent of the total loan portfolio dollar value.

• Nonprime, subprime and deep-subprime loans account for 35.2 percent of all open vehicle loans in the second quarter, up from 34.9 percent in the year-ago period.

• Average charge-off amounts for defaulted loans were up by $450 vs. the second quarter 2012.

More F&I

Photo of executive in a sports coat and glasses
Industryby StaffJuly 2, 2026

Amplify 2026 Billed as Turning Innovation Into Results

Reynolds and Reynolds says its annual retail summit will connect dealers with practical strategies, peer insight, and technology-driven ideas.

Read More →
Woman standing on stage smiling.
F&Iby Lauren LawrenceJuly 1, 2026

Own Your Outcome: F&I in the Digital Customer Journey

Finance has historically been the last step in the car-buying process, but it doesn’t have to be. The customer’s journey starts long before they arrive at the dealership, and so should F&I’s involvement.

Read More →
$100 bill and magnifying glass on top of paper that says insurance policy terms and conditions.
F&Iby Lauren LawrenceJune 29, 2026

Tariffs Could Raise Insurance Premiums

As U.S. import tariffs affect repair costs, consumers might find it more affordable to replace a damaged vehicle, according to recent Insurify tariff analysis.

Read More →
Ad Loading...
Red toy car sitting on top of coins.
Auto Financeby Lauren LawrenceJune 24, 2026

Smaller Loans, Longer Terms

The youngest generation of car buyers is more likely to finance less expensive vehicles, more than half of generation Z consumers borrowing less than $25,000.

Read More →
Under the hood of a Toyota Prius EV Hybrid car.
F&Iby StaffJune 15, 2026

New Lifetime Battery F&I Product Meant to Drive Dealer Traffic

EFG Cos. offering is intended to create lifetime auto dealer engagement with customers.

Read More →
Several illustrations of question marks on a surface
F&IJune 10, 2026

The Psychology Behind Menus That Increase Add-On Sales

There is a science to crafting a menu that gives customers confidence in the choices presented, and moving the process outside the F&I office can further boost results.

Read More →
Ad Loading...
Man holding magnifying glass over sales volume paper.
F&IMay 29, 2026

Why Your F&I PVR Is Misleading You

Here’s a handy checklist of the numbers to track in 2026 instead.

Read More →
Photo of woman typing on a laptop as she sits on a couch
F&Iby Hannah MitchellMay 29, 2026

Auto Consumer Anxiety Presents Opportunity

A survey of U.S. drivers found the majority are concerned about finances and the economy, but those fears make many ready to buy vehicle-protection products.

Read More →
Dustin Gingerich standing on stage giving a presentation
F&Iby Lauren LawrenceMay 28, 2026

Humble and Hungry: 12 Rules for an F&I Life

Dustin Gingerich, with a decade in the F&I business under his belt, shares his thoughts on leadership, building trust with customers, and the importance of learning and innovation.

Read More →
Ad Loading...
Photo of businessman's hands resting on files on a desk
F&Iby John TabarMay 27, 2026

Focus on the Opening

F&I managers must learn as much as possible about their customers, starting before they walk into their offices. The bulk of today’s consumers expect that, and good results will follow.

Read More →