Experian: Subprime Financing, Delinquencies To Grow in 2014, 100 Month Terms Coming Soon

Just over five years after the Great Recession tightened consumer lending standards on everything from cars to houses, Experian Automotive is forecasting growth in the subprime market for 2014, including longer loan terms and increased delinquencies.

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Auto Loan Delinquencies To Rise In 2010?
Credit reporting agency TransUnion is forecasting a rise in auto loan delinquencies next year, adding to the list of factors that could slow a turnaround in…
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  • Kwik_Shift_Pro4X Mazda CX-5 all the way.
  • Spookiness The Mazda interior really is nice. I recognize the rationale for the Mazda infotainment interface design in lieu of a touch screen, but the filthy masses have spoken. As with the rotary engine, it's time to move on. To sell more cars they'll need to have touchscreens. Other carmakers have evolved beyond the iPad-screwed-on-top-the-dash look, so I'm sure Mazda can come up with something aesthetically pleasing and user-friendly. (Another quibble: I really don't need or want AWD, so I wish it wasn't forced. But again, the masses have spoken.)
  • Lou_BC “We are always listening to the customer. "You sayin' the baller/gangsta types don't want Escalades on 24's that don't make vroom vroom rumbly sounds?
  • AZFelix I shall fully endorse the use of autonomous cars on public roads once they have successfully completed my proposed Turing test for self driving vehicles. This test requires the successful completion of an at fault incident and accident free 24/7 driving session in Buffalo and upstate New York from October 1st until March 31st, and throughout the city of Jakarta, Indonesia for one consecutive year. Only Level 1 and Level 5 vehicles are permissible.
  • Lou_BC I'd go Rav4. No Mazda dealer in my town and from what I've seen, Mazda's tend to rust.