Friday, February 12, 2016
Current Weather
Loading Current Weather....
Published: Tuesday, 8/21/2012

Auto-loan delinquencies at lowest rate on record


LOS ANGELES -- The rate of U.S. auto loan payments at least 60 days overdue fell in the second quarter to 0.33 percent, a drop of about 25 percent from the same period last year and of 8 percent from the first three months of this year, credit reporting agency TransUnion said today.

The latest rate is the lowest since TransUnion began tracking auto loan data in 1999. The highest rate recorded by the company was 2.39 percent in the first quarter of 2000. The year-over-year auto-loan delinquency rate has fallen for 11 consecutive quarters. TransUnion culled data from a random sampling of about 27 million credit reports.

Recommended for You

Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.