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Decrease in automotive delinquency rates could be an early sign |
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June 24, 2010 |
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After increasing from 3.14 percent in Q1 2008 to 3.53 percent in Q1 2009, automotive balances that were 30 to 90 days past due decreased to 3.11 percent in Q1 2010. Although the first quarter usually reflects lower seasonal delinquency rates, the improvement to pre-2008 levels could be an early sign of consumer repayment stability, despite continued economic distress.
Source: Experian-Oliver Wyman Market Intelligence Reports
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Replay the May Webinar, "Quarterly review of the automotive finance market - Q1 2010" for more information on trends and analyses in the automotive finance market.
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