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Auto Loan Delinquency Rate

Equifax: Auto Loan Balance Hits 5-Year High

The balance of auto loans in August increased 9.7 percent from last year, rising from $760.8 billion to $834.4 billion, according to Equifax’s National Consumer Credit Trends Report.

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Experian Automotive: 60-Day Delinquencies on the Rise

Delinquencies in the fourth quarter 2012 experience their first year-over-year increase since 2009, but they still remain below precession levels, Experian Automotive reports.

TransUnion: 60-Day Delinquency Rate Inches Up, Remains at Near Historic Lows

The credit reporting agency attributes the rise in the auto loan 60-day delinquency rate to seasonal patterns, says the rate is still down 56 percent from a recession high of 0.86 percent.

Leasing, Below-Prime Originations Grow in Q3, Experian Automotive Reports

Auto loans made to below-prime car buyers grew 13.6 percent in the third quarter, Experian Automotive reported today. Leasing also grew, which the firm says is another sign of a recovering auto finance market.

Back on Track

Below-prime financing surpassed pre-recession levels in the second quarter. But is this trend dangerous for the future health of auto finance?

Delinquencies, Repossessions Drop in Q2, Experian Automotive Reports

Consumers continued to make their auto loan payments on time in the second quarter, with 30- and 60-day delinquencies falling to historic lows.

TransUnion: Auto Loan Delinquencies Fall to Record Low

The national auto loan delinquency rate reached its lowest level since TransUnion began tracking the data in 1999, the company reported this week.