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.

READ MORE

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *