Tag Archives: cnw research

Auto Loan Delinquency Rate Declines by 35%

Posted on 23 August 2012 by Ken Zino

Mirroring a trend in many consumer lending categories, auto loan delinquency rates have declined significantly in July year-over-year. Equifax’s latest monthly National Consumer Credit Trends Report released today says that auto loan 60-day plus delinquency rates declined 35% in dollars.CNW Research also has good news for automakers and their stockholders. Its latest Loan-to-Value Ratio data shows a rise, especially for sub-prime borrowers. Banks are once again chasing auto loans because of low repossession rates and a minimum of late-payers. In the heyday of sub-prime lending, those with the lowest acceptable FICO score (credit rating in industry jargon) had LV ratios in the near-100% range. Continue reading →

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U.S. Vehicle Sales as Percent of Population Remain Weak

Posted on 22 July 2012 by Ken Zino

As the U.S. auto industry slowly recovers from the Great Recession, new vehicle sales as a percent of the growing population remain weak by historical standards. Continue reading →

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Authorized Dealer Used Vehicle Sales Jump 11.5% in September

Posted on 3 October 2011 by Ken Zino

Overall, the U.S. used vehicle market is at 30,155,128 units year-to-date, compared to 8.6 million new cars and light trucks. It was the best performance y-t-d since 2007 before the collapse of the global financial markets. This begs the question – are new vehicle prices too high? Continue reading →

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July Used Car Sales Boom. Have Automakers Priced New Vehicles – Now with an Average $30,000 Price – Too High?

Posted on 1 August 2011 by Ken Zino

The latest research shows that sales of used cars and light trucks in the U.S. grew strongly – up more than 13% for the month of July. About 4.5 million previously owned vehicles changed hands. That’s the best July since 2005… Continue reading →

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New Vehicles Overpriced, Sending Sales to Used?

Posted on 6 July 2011 by Ken Zino

About 8% of the people who bought a used vehicle in June were trying to decide between purchasing a new or used car and elected for the older one. This means that approximately 360,000 new-vehicle sales went to older vehicles. That’s two final assembly plants worth, and it doesn’t include supporting component parts plants at a time when unemployment is officially more than 9%. Continue reading →

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