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

Industryby StaffMarch 6, 2026

Explore the 12 Rules for an F&I Life at EFI

EFI 2026 will take place April 13–15 at The Cosmopolitan Las Vegas.

Read More →
F&IMarch 4, 2026

Creating Your Own Economy

In this video, Reese Dailey explains how effective follow-up drives better results across the dealership, including increased sales, higher F&I penetration, and stronger customer retention.

Read More →
Industryby StaffMarch 2, 2026

Prove You Can Do F&I at EFI

‘So You Think You Can Do F&I’ is a live role-play contest taking place at the 2026 Ethical F&I Managers Conference.

Read More →
Ad Loading...
Industryby Lauren LawrenceFebruary 25, 2026

Report Finds Year-End F&I Strength

Deal volume ebbed and flowed throughout 2025, but product performance remained steady, according to automotive technology and data intelligence solutions provider StoneEagle.

Read More →
Industryby Hannah MitchellFebruary 23, 2026

Some Auto Brands Cheaper to Insure

A new top 10 list ranks the least expensive for average full insurance coverage on a clean driving record and high driver credit scores.

Read More →
F&IFebruary 13, 2026

Business Office Blueprint

Try following these 20 steps to greater success in the dealer F&I office this year.

Read More →
Ad Loading...
Industryby Lauren LawrenceFebruary 11, 2026

Insurance Shopping on the Rise

A TransUnion study found that relationship-driven sales models proved to be important, as consumers who used an agent had a lower shopping intensity than those going it alone.

Read More →
Industryby Hannah MitchellFebruary 4, 2026

Auto Insurance Cost Reprieve

2025 brought consumers relief after years of rate hikes, but 2026 could bring renewed policy pain, depending on how U.S. trade policy affects prices.

Read More →
Reese Dailey from Automotive Training Academy by Assurant
F&IFebruary 4, 2026

Cash Deal Strategies

In this video, Reese Dailey of the Automotive Training Academy by Assurant reveals strategies to make cash deals profitable without relying on monthly payment bumps.

Read More →
Ad Loading...
Cox Automotive and Dealertrack logos displayed over a dealership showroom background.
F&Iby StaffFebruary 3, 2026

Cox Auto Says Dealertrack Offers Greater Finance Efficiency

Suite of new APIs, product enhancements and integrations is designed to help maximize contracting and funding efficiency for lenders and their dealer partners.

Read More →