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Tag Archives: sub-prime loans
60-Day Auto Loan Delinquencies Rise for First Time since 2009
It was the first time since the end of 2009 that either 30- or 60-day loan delinquencies increased year-over-year. In what could be an early warning sign that sub-prime loans from finance companies are becoming too speculative, the total balance of 60-day delinquent loans grew from $3.48 billion in Q4 2011 to $3.93 billion in Q4 2012. Continue reading
Posted in auto news, economy, financial results, news analysis
Tagged auto informed, auto lending, autoinformed.com, automotive news, experian, Ken Zino, sub-prime loans
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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.
