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Annualized net losses (ANL) on U.S. auto ABS rose again in November in a trend likely to continue into 2010, according to Fitch Ratings.
Read More →The national auto loan delinquency rate will increase approximately 7 percent at the end of 2010 to 0.92 percent, up from an expected 0.86 percent at the conclusion of 2009, according to TransUnion’s annual auto loan forecast.
Read More →Despite continued economic struggles, the automotive lending industry in the U.S. showed signs of stabilization during the third quarter 2009, according to a quarterly analysis of automotive credit by Experian Automotive.
Read More →The national 60-day auto delinquency rate rose between the second and third quarters, but analysts for TransUnion.com said the rise was consistent with what’s occurred in 2009. The report also showed that some states are emerging from the recession faster than others.
Read More →GMAC Financial Services reported a third quarter 2009 net loss of $767 million, an improvement from the net loss of $2.5 billion in the year-ago period.
Read More →Attributing its third-quarter decline in auto loans to a retrenchment and repositioning of its auto finance business, Capital One reported a 3.3 percent decline in auto loans last Thursday — the same day the McLean, Va.-based company reported a 14 percent increase in third-quarter profits.
Read More →Fueled by double-digit revenue growth in seven of its business segments, including auto financing, Wells Fargo & Co. reported its third straight quarter of record earnings last week despite mounting loan losses and decreases in its mortgage originations.
Read More →Marine and recreational vehicle loan delinquencies increased in the second quarter, following another record rate of consumer delinquencies in three other key loan categories, according to the American Bankers Association (ABA)'s Consumer Credit Delinquency Bulletin.
Read More →Auto loan delinquencies improved in the second quarter despite another record rate of consumer delinquencies in three other key loan categories, according to the American Bankers Association (ABA)'s Consumer Credit Delinquency Bulletin.
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The economic downturn has put more than $25.5 billion in auto loans at risk, but there were some signs of improvement. Experian Automotive’s director of automotive credit gives her take on what continues to be an unpredictable market.
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