Fitch: Subprime Auto Delinquency Levels Reach Two-Decade High
60-day delinquency rates reached 1.24% in 4Q15, a 6.4% increase year over year, – the highest level since 2010, according ...
Tag: Experian
CREDIT: Increase in Loans, Increase in Subprime
More consumers have chosen to finance their vehicles, while lenders have dug deeper into subprime space, experts suggest. Subprime Overall, ...
Lease Share, Loan Size Hit Record Highs for Q3: Experian
Lease share of new-vehicle volume hit a record for the third quarter, barely beating a record set in the second ...
Ford Captive Keeps a Lid on Subprime
Ford Motor Credit Co. is maintaining its typical below-industry-average share of subprime auto loan originations, even a little lower in ...
Experian Reports New ‘Norm’ for Loan Terms
SCOTTSDALE, Ariz. – Longer loans with 72-month terms or even longer are becoming the "new norm" in auto finance – including ...
Buyers Stick With Longer Loans, New Cars, Despite Higher Sticker Prices
On paper there’s cause for concern that higher sticker prices on new cars could drive customers to settle for used ...
Lenders Pour on Volume, Late Payments Remain Low, Experian Says
Auto loan delinquencies remained virtually flat or down slightly in the third quarter despite increases in volume in all risk ...
Record Lease Share in 2Q
Leasing hit a record 26.9% of new-vehicle volume in the second quarter, according to Experian Automotive. That was barely ahead ...
