FI showroom red and grey logo
MenuMENU
SearchSEARCH

Finance Amounts Reach Six-Year High

Auto loan volume for the first quarter was 49 percent higher than three years ago, and 25 percent higher than the recession-era low in March 2010.

by Staff
July 3, 2012
2 min to read


ATLANTA — New-vehicle loans originated in the first quarter totaled $52.5 billion, which stretched 49 percent higher than three years ago, according to Equifax’s May National Consumer Credit Trends Report.

The most current data also shows that new-auto bank loans amounts originated between January to March 2012 totaled $47.5 billion, a seven-year high. The amount was also 25 percent higher than the recession-era low in March 2010 ($35.9 billion).

Ad Loading...

The total number of outstanding auto loans continues to climb, surpassing 57 million for the first time since February 2010. Additionally, balances among existing auto loans are also increasing, with the May 2012 total of $740 billion representing a 34-month high.

Other highlights include:

• Tracking at a five-year low, auto delinquency rates are the lowest of all major loan types and currently sit at pre-recession levels.

• The total number of auto loan originations for March 2012 stood at 5.2 million year to date, the second highest total in seven years. The total is exceeded only by the peak in March 2007 year to date (5.3 million).

• Auto loan amounts year to date were at $100 billion as of March 2012, a six-year high.

Ad Loading...

• In May 2012, total existing auto loan balances were at $740 billion, an increase of $43.1 billion from a year ago.

• Current data shows the number of new-auto loans funded by auto finance companies increased 46 percent from the recession-low in March 2009 to 1.06 million in March 2012, a five-year high.

• The number of new-auto loans funded by bank, savings and loan or credit unions increased 21 percent from the recession-low in March 2009 to 933,900 in March 2012, a seven-year high.

 

More F&I

Cover image for a BOK Financial report titled “Timing the market: How avoiding volatility entirely can hurt long-term reinsurance program performance.” The image shows several road construction barricades with flashing amber warning lights lined up in a nighttime work zone. Beneath the image, red text explains that avoiding volatility can mean falling behind inflation and missing market rebounds that drive long-term surplus growth. The BOK Financial logo appears at the bottom right.
SponsoredMay 8, 2026

Timing the Market Can Hurt Long-Term Program Performance

For dealer-owned reinsurance entities, avoiding volatility entirely can mean falling behind inflation and missing market rebounds that drive long term surplus growth. Missing just a handful of strong market days can materially impact cumulative returns—an important reminder for long horizon trust and investment strategies.

Read More →
Ryan Ruff, The 90/10 Rule, Automotive Training Academy, Sales Series
F&IMay 6, 2026

The 90/10 Rule

In this video, Ryan Ruff explains the rule that elite sales professionals use to turn ordinary conversations into unforgettable customer experiences.

Read More →
Photo of essential oil diffuser on desk next to laptop
F&IMay 4, 2026

Your Office Is Talking

What’s the atmosphere saying about you to your customers? You can make minor adjustments and additions that transform your space into one that creates trust with the people on the other side of the desk.

Read More →
Ad Loading...
"Effective training ensures the customer’s needs remain at the heart of everything we do. When that is the focus, both sales and profits naturally improve." by Rick McCormick with F&I and Showroom logo and picture of Rick McCormick
F&IMay 1, 2026

F&I Training Fundamentals

How can auto dealerships help F&I managers fulfill their vital role in the most effective ways? Industry expert Rick McCormick shares his insights on the best ways to train these professionals and help them maintain good habits.

Read More →
Photo of car tire and the tread mark it left in snow
F&Iby Hannah MitchellApril 29, 2026

Not Just Any Tire Will Do

More consumers and businesses are opting for all-season options for various reasons as safety, sustainability and convenience push practical change.

Read More →
Photo of robot holding a laptop
F&Iby Hannah MitchellApril 27, 2026

How AI Will Drive the Next Wave of Innovation in Finance & Insurance

It’s time to take the next digital step to free F&I managers to handle the most challenging aspects of customer meetings.

Read More →
Ad Loading...
Photo of notepad and pen next to computer keyboard on desktop
F&IApril 13, 2026

Control in Sales Is an Illusion

Some of it should be given to the customer, but that doesn’t mean the F&I office relinquishes the process. In fact, a different approach both builds trust and boosts sales.

Read More →
Photo of external keyboard on office deak next to window
F&IApril 7, 2026

The Limited Warranty Game

Bringing it in-house benefits the dealership and its customers.

Read More →
Woman in casual clothing sitting at a desk
F&Iby Rick McCormickMarch 31, 2026

Curb The Confusion

Talk to F&I customers like you’d talk to a friend, without industry lingo or sales-like questions, and use hard proof to show, not tell, them about a need.

Read More →
Ad Loading...
Photo of man's hand on laptop computer keyboard with blank screen
F&IMarch 16, 2026

There Is Always one More Product

Helping F&I customers understand complementary offerings is likely to lead to more sales, based on the success of a high-performing practitioner of the philosophy.

Read More →