November 2, 2017 - Industry News
The bureau concedes in its report that consumers are financing larger amounts and are electing for longer-term loans to keep monthly payments affordable. However, the regulator also notes that longer-term loans aren't having the desired effect in terms of default rates.
Tags: auto finance, Consumer Financial Protection Bureau, default rates, Long Loan Terms, Subprime Financing
June 20, 2017 - Industry News
Auto loan defaults fell to a 10-year low in May, squashing concerns about a forming subprime auto loan bubble. But not all consumer credit categories were a picture of health in May.
Tags: auto finance, default rates, F&I office
September 23, 2015 - Industry News
Default rates inched up in August across multiple consumer credit categories, including auto loans and mortgages, according to data released by S&P Dow Jones Indices and Experian.
Tags: August sales, default rates, Dow Jones Industrial Average, S&P/Experian
August 18, 2015 - Industry News
Consumer credit defaults remained relatively stable in July, according to data from S&P Dow Jones Indices and Experian. The on exception were auto loans, which showed an increase in defaults.
Tags: Auto Loans, Consumer Credit, default rates, Experian, S&P/Experian
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