Tag Archives: Auto Loan

Sub-Prime Auto Loan Delinquencies Continue to Rise, but Experts Provide Divergent Views of Impact

Nearly one year ago, we wrote about auto loan delinquencies’ potential impact on the automotive industry. Now, car sales are falling and auto loan delinquencies are making headlines again, with a growing number of subprime loans falling into default. UBS reports that subprime default rates are reaching levels consistent with those just prior to the … Continue reading this entry

Automotive Economic Indicators Show Promise

Equifax Inc. reported recently that new credit for auto loans reached an eight-year high in January and February 2013, as calculated by total dollar amounts loaned. For that two month period, new auto loans were 70% higher than in the same period in 2009. Equifax reports that 2.5 million auto loans were made in this same … Continue reading this entry