delinquencies - Tagged Posts - F&I and Showroom

Market on the Move

The auto finance industry broke new ground in several reporting categories in the first quarter. But not all records are meant to be broken.

Experian: 60-Day Loan Delinquencies Rise in 22 States

While 60-day automotive loan delinquencies fell nationally, 22 states experienced increases. The sharpest increase occurred in Delaware, where delinquencies jumped by nearly 10%.

Auto Loan Debt Reaches Three-Year Mark, Delinquencies Remain Low

Since 2011, auto loan debt per borrower has increased 13%, according to Transunion. The firm also reported that delinquencies experienced a sharp drop from 2013's end-of-year quarter.

Clouds Part for Auto Finance

The unusually cold weather that impacted much of the economy didn’t slow down the auto finance industry, which reached new highs in several critical metrics.

Delinquencies Rise on Both Quarterly and Yearly Basis, TransUnion Reports

According to TransUnion, the auto loan delinquency rate increased to 1.04 percent in the third quarter. However, the delinquency rate is still well below the third quarter average observed between 2007 and 2013.

Auto Loan Balances at All-Time High, Experian Automotive Reports

In the third quarter, outstanding balances on automotive loans reached $782.9 billion, up $103 billion from the third quarter 2012.

Kicking into High Gear: Experian Quarterly Update

Finance companies are buying deeper, and car buyers are rewarding them with timely payments. Credit expert breaks down the numbers for the second quarter.

Delinquencies Up in Q2, the ABA Reports

The American Bankers Association found that delinquencies across all credit segments rose six basis points in the second quarter. Overall, delinquencies remain significantly below their 15-year average.

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.

Equifax: Auto Loans Make Up Half of New Non-Mortgage Credit

Auto loan originations totaled more than $196 billion in May 2013, representing more than half of all new non-mortgage consumer credit originated in 2013, according to a new report from Equifax.