Auto Loans Were Up in Second Quarter, Experian Automotive Says

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The Detroit News - August 8, 2012

U.S. auto loans jumped 5.5% to $682 bil­lion dur­ing the sec­ond quar­ter, though the bal­ance of those loans remained low­er than the same quar­ter in 2007, pri­or to the start of the reces­sion, accord­ing Exper­ian Auto­mo­tive. The 30-day delin­quen­cy rate dur­ing the sec­ond quar­ter was 2.52%, down from 2.59% dur­ing the same quar­ter a year ago.

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