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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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Toyota's March Sales Event, where buyers can get 0% car loans, low lease payments and complimentary maintenance, might be working. The national marketing campaign was launched to help boost sales after Toyota's February sales fell 10.6%, while its Lexus division was up 5.2%.
Toyota is currently battling to defend its vehicles' quality and safety, after more than eight million vehicles were recall[...] .. Read More.
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Attractive 0% auto loan incentives and affordable monthly lease payments were abundant in February. Industry experts knew that sales would be up slightly over last year, but they also realized the intense snow storms and Toyota's recall problems would hurt sales a bit. February 2009, a month most would like to forget, was the worst sales month for the automotive industry in 19 years.
Ford offered[...] .. Read More.
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The national 60-day auto loan delinquency rate did not change between the third and fourth quarters of 2009. The rate of borrowers 60 days or more past due on their car loans was 0.81 percent in the fourth quarter, and continues to be less than one percent overall. But compared to the fourth quarter of 2008, the national rate dropped by 5.81 percent, according to TransUnion's quarterly analysis of[...] .. Read More.
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Although 0% auto loans are currently quite common among automakers, buyers are more frequently seein ...
- Car Loans Being Approved For More Consumers, Even Those With Bad Credit
The retail auto finance market has hit bottom and the worst has passed, according to Automotive News ...
- New Credit Card Rules Go Into Effect Monday
Consumers planning to apply for a car loan soon need to start carefully looking at the terms of thei ...
- Toyota Considers Boosting Incentives Amid Massive Recalls
Toyota is already offering numerous 0% car loan incentives, cash back offers and lease deals in Febr ...
- Average Auto Loan Rate and Auto Affordability Drop in Fourth Quarter
Average car loan rates and auto affordability both fell in the fourth quarter of 2009, according to ...
- What to Do Before the New Credit Card Act Starts This Month
Consumers who are in the market for a car loan this year may want to review their credit scores to s ...
- GMAC Offers Auto Loan Incentive to Buyers of Certified Used G6's
Now that the Pontiac brand is no more, shoppers looking for a new Pontiac will only find limited qua ...
- GMAC Cuts More Than 200 Employees in Auto Loan Unit
GMAC Inc., which finances auto and home loans, plans to cut about 554 jobs and close three offices. ...
- Toyota Down 12% in January, Ford Up 24.6%
With so many 0% auto loan incentives and attractive lease incentives in January, it would have been ...
- GM Says its January Sales Should Be Up Over Last January
In January, GM was offering 0% and low interest auto loans and up to $4,000 in cash back incentives ...
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