While auto delinquencies declined slightly year over year (3.01% for accounts 30 days past due or greater in Q2 2015 versus 3.03% a year earlier), it is interesting to note the variance in delinquency by lender channel.
Lender type |
Percent of auto loans 30 days past due
|
Credit unions |
1.66% |
Banks |
2.15% |
Captive auto |
2.70% |
Finance companies |
7.09% |
As auto-loan originations continue to expand, lenders can stay ahead of the competition by using advanced analytics to target the right customers and increase profitability.
>> Video: Successfully navigate the World of Consumer Credit
