Tag Archives: credit

U.S. auto repossession rate dropped to new lows in Q2

August 15, 2013   Guest Author

U.S. auto repossession rate dropped to new lows in Q2

Car buyers in the United States got better at keeping current with their loan payments in the second quarter, a report today by Experian Automotive said.

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Russian gov’t subsidies for car buyers will stimulate market growth, banks say

July 12, 2013   Sean

Russian gov't subsidies for car buyers will stimulate market growth, banks say

Russia’s two biggest banks are betting a resumption of subsidies aimed at helping the automotive industry will return car sales to growth, bolstering lending.

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More car buyers are upside down, but that’s OK, J.D. Power says

June 10, 2013   Guest Author

The average amount of negative equity in an existing auto loan is about $3,600, Power Information Network says.

The percent of buyers with negative equity has been creeping higher since 2011. But that’s not entirely bad news for retailers because it indicates customers with lower credit scores are getting financed, Power Information Network says.

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