Severe Delinquencies Fall to 10-Year Low, Equifax Reports

ATLANTA — According Equifax’s latest National Consumer Credit Trends Report, new auto loan originations have reached record highs, while severe delinquency rates fell to their lowest level in nearly a decade, reports F&I and Showroom. At the same time, auto leasing has surged as consumer demand for new vehicles remains strong. The severe delinquency rate ... Read More »

No Subprime Bubble in Sight, Equifax Says

ATLANTA — While year-to-date auto loan growth rates have slowed compared to last year, totals for new credit and the number of new loans originated for auto purchases are at all-time highs, according to Equifax’s latest National Consumer Credit Trends Report. Through June, the total number of new loans originated was 12.5 million, an increase ... Read More »

Equifax Report Reveals Growth And Stability In Auto Finance