US: Subprime auto loans on the rise

Experian Automotive has announced that lenders continued to increase their appetite for risk in Q2 2011, with new vehicle loans for customers with credit outside of prime increasing by 22.4%, when compared to the previous year. In Q2 2011, 22.3% of all new vehicle loans went to customers in the It’s time to log in … Continued

• By Webmaster
• August 31, 2011