According to a report on Wednesday from Experian Automotive. The amount of U.S. borrowers that were at least two months behind on their car loan payments jumped sharply in the third quarter. The 60-day delinquency rate for U.S. auto loans rose nearly 9 percent to 0.62 percent in the third quarter from the same period in 2013. Melinda Zabritski, Experian's senior director of automotive credit, said in a statement the rise in delinquencies was expected given that loans to subprime borrowers have taken up a growing proportion of the auto finance market in recent quarters. http://bit.ly/1uyBu82 http://bit.ly/1fJ5yqZ
11/19/2014
More U.S. Borrowers Fall Behind on Their Car Loans in Third Quarter
According to a report on Wednesday from Experian Automotive. The amount of U.S. borrowers that were at least two months behind on their car loan payments jumped sharply in the third quarter. The 60-day delinquency rate for U.S. auto loans rose nearly 9 percent to 0.62 percent in the third quarter from the same period in 2013. Melinda Zabritski, Experian's senior director of automotive credit, said in a statement the rise in delinquencies was expected given that loans to subprime borrowers have taken up a growing proportion of the auto finance market in recent quarters. http://bit.ly/1uyBu82 http://bit.ly/1fJ5yqZ
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