According to Experian’s latest State of the Automotive Finance Market report, auto loan balances reached an all-time high of $905 billion in the first quarter of 2015 — an increase of 11.3% from a year ago. Additionally, both 30-day and 60-day delinquencies decreased slightly over the last year.
Lenders can make more profitable decisions by monitoring the latest consumer credit trends in order to target the right prospects and better tailor lending strategies.
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