Loading...

Automotive delinquencies increase in twenty-two states

Published: June 2, 2014 by Stacie Baker

Although 60-day automotive loan delinquencies fell 1.7 percent at a national level when comparing Q1 2014 to Q1 2013, twenty-two states actually experienced a delinquency increase. Delaware showed the sharpest increase, moving up by nearly 10 percent. Other states among the top five for increased 60-day delinquencies include:

  • Montana – 8.9 percent increase
  • Nebraska – 7.9 percent increase
  • Iowa – 6.6 percent increase
  • New Jersey – 5.8 percent increase

With so many states experiencing increases in automotive loan delinquencies, lenders need to monitor and adjust credit risk strategies regularly in order to minimize risk.

Related Posts

Experian’s Q4 2020 Market Trends Review takes a closer look at aftermarket trends, including the growing sweet spot....

Published: March 31, 2021 by Marty Miller

In 2020, new trends emerged, driven by a continued shift in consumer preferences. Let’s take a closer look at...

Published: March 24, 2021 by Marty Miller

Experian's Q4 2020 State of the Automotive Finance Market report gives insight into the current state of the leasing...

Published: March 9, 2021 by Melinda Zabritski

Subscription title for insights blog

Description for the insights blog here

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Categories title

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.

Subscription title 2

Description here
Subscribe Now

Text legacy

Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old. Richard McClintock, a Latin professor at Hampden-Sydney College in Virginia, looked up one of the more obscure Latin words, consectetur, from a Lorem Ipsum passage, and going through the cites of the word in classical literature, discovered the undoubtable source.

recent post

Learn More Image