Outstanding auto can you order valtrex online loan balances reached the highest level — $968 billion – during Q3 of 2015, growing by more than 53% since the post-recession low in 2010. The largest increase in volume of open loans was in the so-called super-prime category, rising 8.3% from the previous year. Subprime and non-prime followed closely, with increases of 7.8% and 7.7%, respectively.
The distribution of auto loan exposure by risk segment remains relatively unchanged, demonstrating that consumers drive the surge in outstanding automotive financing across the board, not a specific segment of the market.
According to Experian’s most recent State of the Automotive Finance Market report, this $968 billion increase in auto loan balances is a $98 billion increase from the previous year.
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn.
He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe.
Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap.
AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks.
Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.
