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The rate of consumers 60 days or more past due on their auto loans showed no change between the third and fourth quarters of 2009, and is still less than one percent overall (0.81 percent), according to TransUnion's quarterly analysis of auto industry trends. When compared to the same period a year ago, the auto loan delinquency rate decreased by 5.81 percent.
Mississippi (1.45%) and Alabama (1.3[...] .. Read More.
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Although credit is loosening a bit, the consumers with the best credit scores are still having little problem getting approved for car loans, while shoppers with the worst scores are still struggling or simply accepting the fact that they'll have to pay much higher interest rates.
According to Experian Automotive's fourth quarter 2009 automotive market analysis, 36.92% of all auto loans were for [...] .. Read More.
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Toyota's 0% auto loans, low lease payments and complimentary two-year maintenance for current owners may be working. The automaker's March incentives have not only spurred shopper interest on Web sites like Edmunds.com and KBB.com, but also seem to be boosting sales.
Don Esmond, senior vice president of automotive operations for Toyota Motor Sales, said in an interview Tuesday that the early Marc[...] .. Read More.
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Experian Automotive released its quarterly analysis of the automotive credit market today, and found that the auto loan market is continuing its stabilizing trend. Overall, delinquencies are still low, credit is loosening slightly and car loan interest rates for consumers with good credit are still low.
The delinquency rate of car loans 30 days or more past due increased to 3.34% in the fourth qu[...] .. Read More.
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