Experian Reports Trends in Auto Financing

SubPrime News - March 3, 2010

Due in large part to the trou­bled cap­i­tal mar­kets, Exper­ian Auto­mo­tive report­ed that cap­tives lost a rel­a­tive­ly large share of out­stand­ing loan bal­ances in the third quar­ter of last year, com­pared with the third quar­ter of 2008. In fact, cap­tives were down 5.4 per­cent or about $12 bil­lion. Mean­while, out­stand­ing bal­ances in the finance and oth­er cat­e­gories fell a dra­mat­ic 22.7 per­cent or $23 bil­lion.