Tag Archives: auto loans

Vehicle Average Loan, Monthly Payment at Record Highs

The population segments hurt most are subprime and deep subprime consumers. The percentage of new vehicle loans to subprime and deep subprime consumers has decreased 8.4% and 14.1%, respectively. The percentage of new vehicle loans to prime and super prime consumers has reached 73.4%, the highest Q1 level since 2012. Experian says it’s a sign that some lenders have become more risk-averse. Continue reading

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Auto Loan Balances up 53% Since Post Recession Low

The distribution of open loans 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. Continue reading

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Auto Loan Subprime and Prime Losses Increase In May

Losses for U.S. prime auto loan asset backed securities and subprime ABS increased in May but strong used care values propped up the results. Continue reading

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Financial Protection Bureau Auto Loan Regulation Anti-Consumer Says NADA

A proposed regulation stipulating flat fees in auto lending will actually end up hurting consumers because franchised car dealers will not be able to cut rates, according to the National Automobile Dealers Association. Continue reading

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Auto Credit Loosens. Average Loan Now More Than $25,000

New vehicle loans to “credit-challenged” buyers grew by 12.7% in Q3 2010, compared with Q3 2009, as lenders loosened their auto credit standards slightly as delinquencies dropped.  

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