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Automotive loan balances decrease |
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August 26, 2010 |
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Outstanding balances continue to decline for automotive loans. The 2010 Q1 outstanding balance for all VantageScore risk tiers is $677 billion, compared to $777 billion in 2008 Q1, a decrease of 14.5%. The most significant change comes from the F tier (deep subprime consumers), with a decrease in outstanding balances of 29%.
Source: Experian-Oliver Wyman Market Intelligence Reports
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