While car sales are booming again, Experian Automotive announced that loan delinquency and repossession rates creeped-up for the first quarter. Thirty day auto loan delinquencies rose 1%, while 60-day delinquencies increased 12% and repossessions rose 17% when compared to the same time period in 2012.
Thursday, May 16, 2013
Auto Repossessions And Delinquencies Are On The Rise
While car sales are booming again, Experian Automotive announced that loan delinquency and repossession rates creeped-up for the first quarter. Thirty day auto loan delinquencies rose 1%, while 60-day delinquencies increased 12% and repossessions rose 17% when compared to the same time period in 2012.
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