Credit Cornerstone Weekly Credit Trends and Data Intelligence
Automotive lenders still exhibit caution
July 8, 2010

Although the 30-day and 60-day delinquency rate on automotive loans declined* in Q1 2010, lenders are still taking a cautious approach to their lending strategies. The average credit score for a new vehicle loan in Q1 2010 was 776, with a greater percentage of these new vehicle loans going to customers in the super-prime credit category.

Source: 2010 Q1 Automotive Credit Insight Snapshot

Download the latest automotive market research to take a closer look at automotive credit trends.

Footnote: *The 30-day delinquency rate fell from 2.82 percent in Q1 2009 to 2.79 percent in Q1 2010, while the 60-day delinquency rate fell from 0.79 percent to 0.78 percent during the same time frame.
June 2010
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