Posts Tagged ‘car loans

06
Jul
11

Auto Finance Trends Looking Good

Looks like the auto finance marketplace is stabilizing or at least that’s what Experian Automotive’s director of automotive credit sees for the first quarter of this year. The overall higher tolerance for risk seems to be paying off with drops in 30 and 60-day delinquencies having the largest drops; 30-day delinquencies at their lowest point since 2008 and 60-day delinquencies dropped by 13%. With the stabilizing of the auto finance market, it allowed more lenders to have a higher tolerance for risk therefore giving consumers more opportunities to get a car loan. This quarter was also the best time in the past 30 months for consumers to get a car loan and it looks like this will continue.

To read full article in F&I Magazine, please click here.