By on August 24, 2017

pexels-photo-97079

Car buyers who borrowed money to finance their purchase are seeing higher loan debt per borrower rates, along with higher delinquency rates. And it’s happening on both sides of the border.

Let’s start with Canada. Automotive News picked up a report from TransUnion showing that average auto-loan debt per borrower has gone up in the second quarter, and so too have delinquency rates. This is happening as vehicle prices have also risen during the same time period. Consumers are also rolling in other debt and parts of the country are still in recovery mode from the recent economic crisis.

(Read More…)

By on August 9, 2016

Couple buying cat Courtesy chronicleherald.ca

With memories of the 2008 financial meltdown still fresh, American consumers aren’t borrowing wildly anymore — except when it comes to cars and credit card purchases.

As of the end of June, car buyers racked up the highest auto loan debt in U.S. history — $1.1 trillion, according to a quarterly report from the Federal Reserve Bank of New York. Also on the rise? Credit risk. (Read More…)

Recent Comments

  • ToolGuy: I think the idea is that many EV fans have or are perceived to have a religious fervor for electricity and a...
  • ToolGuy: Serious comment: These guys are becoming masters of doing more with less. People love this stuff. Jackass...
  • ObviouslyCarGuru: Boy, a whole bunch of you poor babies heads are gonna explode when country hating politicians are...
  • stuki: Subpar infrastructure has always been a problem in third world countries.
  • SCE to AUX: “Anyone with a Tesla who cheers when the Blue Angels do a fly-by at a sports game should have to...

New Car Research

Get a Free Dealer Quote

Staff

  • Contributors

  • Timothy Cain, Canada
  • Matthew Guy, Canada
  • Ronnie Schreiber, United States
  • Bozi Tatarevic, United States
  • Chris Tonn, United States
  • Corey Lewis, United States
  • Mark Baruth, United States
  • Moderators

  • Adam Tonge, United States
  • Corey Lewis, United States