Continuing Drop in Auto Loan Delinquencies


PR Newswire - August 29, 2010

Lat­est cred­it analy­sis from Exper­ian Auto­mo­tive shows pos­i­tive signs for a health­i­er auto lend­ing mar­ket. Auto­mo­tive loan delin­quen­cies dropped dur­ing 2nd Q 2010, mark­ing the sec­ond con­sec­u­tive quar­ter that showed a year-over-year decrease in quar­ter­ly delin­quen­cies. Lenders also made a high­er per­cent­age of loans to non­prime and sub­prime cus­tomers, a sign that lenders are begin­ning to loosen cred­it.