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The auto finance industry is surging after a third quarter in which all lending segments increased their originations for the high-risk tiers.
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TransUnion said this week that the ratio of auto loan borrowers 60 or more days past due will remain the same between now and 2012.
Read More →The Federal Reserve Bank of New York’s latest quarterly report on household debt and credit indicated that consumer debt fell approximately $60 billion to $11.66 trillion in the third quarter.
Read More →The national auto delinquency rate did fall for the eight consecutive quarter on a year-over-year basis, but it did show a modest increase from the second quarter, Transunion reported today.
Read More →Auto finance companies have increased lending by more than 47 percent over the past two years, according to the latest Equifax National Credit Trends Report.
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In the second quarter, finance sources continued their drive down into the high-risk credit tiers and consumers continued to pay on time. But the magazine’s resident finance insider wonders how long those trends can continue in this month’s review of quarterly auto finance trends.
Read More →The national 60-day delinquency rate for auto loans fell for the seventh consecutive quarter, dropping to 0.44 percent at the end of the second quarter, TransUnion reported today.
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Delinquencies and dollar volume of at-risk loans continued to fall in the first quarter, and auto finance sources responded, with shares of loans to credit-challenged buyers increasing by 11.1 percent. Experian Automotive’s director of automotive credit provides a snapshot of other auto finance trends from the quarter.
Read More →General Motors Financial Company Inc. reported net income of $77 million for the quarter ended March 31, 2011, up from $63 million in the year-ago period.
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The auto finance market continued to drive forward in the fourth quarter of 2010, but can it continue? Experian Automotive’s director of automotive credit runs through the numbers.
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