Rise in Auto Delinquencies Noted, But Not a Concern

A recent report from Experian Automotive indicates that there has been a slight rise in 60 day delinquencies, up .02% over fourth quarter 2011 to fourth quarter 2012. Although this is the first increase since 2009 there is no need to panic. Compared to where we were 3 years ago there is still “remarkable stability” according to Experian’s director. In addition, banks and credit unions saw a 30 day delinquencies decrease although there was a .26% increase in 30 day delinquencies for subprime lenders.