TransUnion: Auto-Loan Delinquency Rate Rose in Q1

June 25, 2013
auto financing news

The first-quarter national auto-loan delinquency rate rose slightly from a year earlier, due primarily to an increase in delinquencies for subprime borrowers, reports TransUnion Corp. The credit-information company says the percentage of auto-loan accounts at least 60 days past due edged up to 0.88 percent in the first quarter from 0.82 percent a year ago, but was down from 1 percent in the fourth quarter. Delinquencies for subprime borrowers climbed to 5.5 percent from 5.09 percent last year, but dropped from 6.02 percent at the end of 2012.
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