Wednesday, February 17, 2016

As number of auto loans rises, so does number of delinquencies

The number of U.S. consumers with an auto loan grew 7.8 percent in the fourth quarter, the largest year-over-year increase since TransUnion started tracking the data in 2009.

But nationwide, 60-day delinquencies jumped 6.4 percent to their highest level since 2010, fueled by growing delinquency rates in states with energy-dependent economies.

Read more... http://www.autonews.com/article/20160217/FINANCE_AND_INSURANCE/302179977?template=mobile

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