Loading...

Auto loan balances continue to set new records

June 1, 2015 by Carrie Janot

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 2015 — an increase of 11.3% from a year ago. Additionally, both 30-day and 60-day delinquencies decreased slightly over the last year.

Lenders can make more profitable decisions by monitoring the latest consumer credit trends in order to target the right prospects and better tailor lending strategies.

>> Join our upcoming State of the Automotive Finance Market Webinar

Related Posts

Join our webinar for iinsights and best practices to promote financial wellness at your organization and increase revenue and retention.

September 15, 2023 by Corliss Hill

Student loan borrowers may face new challenges and fears once payments resume. Learn about the implications and how loan servicers and lenders can respond.

June 20, 2023 by Theresa Nguyen

Join our fireside chat as Experian experts explore economic and market trends, their impact on consumers, and how financial institutions can adapt.

February 6, 2023 by Laura Burrows