2010 Q1 Automotive Credit Insight Snapshot
Tags: Automotive, Automotive, Debt Recovery
Features market reporting data & analysis from Experian Automotive's AutoCount Risk Report, analyzing automotive lending markets based on a uniform measurement of credit quality that segments markets.
American consumers are doing a better job of making payments on their auto loans, as delinquencies on 30- and 60-day loans fell in Q1 2010 for the first time since Experian Automotive started reporting on quarterly loan delinquencies in 2007. The 30-day delinquency rate fell 1.06 percent from Q1 2009 to Q1 2010 (2.82 percent to 2.79 percent), according to Experian Automotive's most recent analysis of the automotive finance market as of the first quarter of 2010. The 60-day delinquency rate fell from 0.79 percent in Q1 2009 to 0.78 percent in Q1 2010.