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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 channel.

Lender type
Percent of auto loans 30 days past due
or greater in Q2 2015
Credit unions
1.66%
Banks
2.15%
Captive auto
2.70%
Finance companies
7.09%

As auto-loan originations continue to expand, lenders can stay ahead of the competition by using advanced analytics to target the right customers and increase profitability.

>> Video: Successfully navigate the World of Consumer Credit