Tag: auto loans

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Auto loan delinquency rates pick up the pace...

A recent Experian study found that the amount of time it’s taking for automotive loans opened in Q4 2015 to become delinquent is actually...

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Leasing and used vehicle sales continue to break recor...

Leasing continued its strong growth as the share of new vehicles leased jumped from 26.9% in Q2 2015 to a record high of 31.4%...

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Auto loans top $1 trillion...

According to the most recent State of the Automotive Finance Market report, the total balance of open automotive loans increased 11.1% in Q1 2016,...

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Auto financing update–leases set new record...

As new vehicle prices continue to rise, more consumers are turning to leasing as a cost-effective auto financing option. Findings from the most recent...

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Are your lending strategies keeping up with the market...

According to Experian’s latest State of the Automotive Finance Market report, auto loan balances reached an all-time high of $987 billion in Q4 2015...

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Consumers choosing longer automotive loans...

According to the latest State of the Automotive Finance Market report, consumers are continuing to extend loan terms as a way to keep payments......

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Auto-loan delinquencies stay on track...

While auto delinquencies declined slightly year over year (3.01% for accounts 30 days past due or greater in Q2 2015 versus 3.03% a year earlier), it is interesting to note the variance in delinquency by lender...

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Auto loan balances continue to set new records...

According to Experian’s latest State of the Automotive Finance Market report, auto loan balances reached an all-time high of $905 billion in the first quarter of 2...

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Credit unions tailgate captive auto lenders...

Auto loan originations reached $153 billion in Q2 2014, which was a 16 percent increase over the same quarter last year. While the largest contribution came from captive auto lenders at $47 billion (a 14 percent increase), credit unions experienced the largest year-over-year increase of 35 percent, with originations...

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