Auto Loans Shrink For Borrowers With The Worst Credit

Auto lenders have pulled back on loans to customers with the riskiest credit and as a result, the percentage of delinquent loans showed a decline in the second quarter, according to Experian Automotive.

For the market overall, affordability remains a concern. Interest rates and average monthly payments are on the rise, said Melinda Zabritski, senior director of automotive financial solutions for Experian.

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