Repossessions, Delinquencies Up As Oustanding Auto Loan Balances Hit All-Time High

The latest Q2 2014 data from Experian was released this week, and key metrics like repossessions, loan delinquencies and outstanding balances have all seen increases.

Read more
The New York Times Shines A Light On Subprime

The issue of subprime car loans, specifically loans with exorbitant interest rates for used cars, has filtered into the New York Times, with the paper’s Dealbook section running an investigation into the practice.

Read more
Moody's: Underwriting Standards, Borrower Credit Declining

The global outlook for Auto Back Securities (ABS) is steady – except in North America, where underwriting standards and borrower credit are slipping.

Read more
Americans Paying Off Car Loans Before Mortgage, Credit Cards

Among all the loans being held by Americans, car notes appear to have lower delinquency rates, according to a report by the Associated Press.

Read more
  • FreedMike Translated: if the manufacturers want the credit, they have to put some money into American workers’ hands. I give that two thumbs, way up. And for the record, this requirement is a walk back from the “union jobs only” restriction from the original BBB, and I give that two thumbs, way up, as well.Sounds like the manufacturers in question should stop whining and start figuring out how to increase their local sourcing.
  • Bobbysirhan After massive bus fire, CT pulls electric fleet from service (middletownpress.com)At least they're following the science.
  • SPPPP I got a kick out of the three paragraphs beginning with "As a reminder..." and ending with "straight(ish) line". In no small part because they showed up twice in the article. As I scrolled past the next picture, I was gleefully excited to see if they would show up a third time. But no, the rest of the article continued as normal. Competent though it was, the magic was gone.
  • SPPPP Just an observation - at $1.66 billion for a target 1,800 buses, that's $922,222.22 per bus. I know they will need chargers, but still ... doesn't that seem pretty un-ambitious? Couldn't they put more than 20,000 Ford E-transit electric vans on the streets for the same price?
  • Kosmo The power figures for the 3.0 diesel are impressive, especially compared to the 3.0 diesel in our 2007 Sprinter.(Ralph Nader enters room) How do those STEEL bumpers affect crash safety?