A recent Experian study found that the amount of time it’s taking for automotive loans opened in Q4 2015 to become delinquent is actually similar to the pace in 2008.
When looking at the 60+ DPD rate across all risk levels, the delinquency rate for accounts opened in Q4 2015 reached 0.50% within 6 months, compared with 0.51% for accounts opened in Q4 2008.
Lenders can design more effective strategies by using analytics to gain insight into the latest trends and target the right customers.
Video: Auto Acquisition Strategies>
