|
Automotive Discussions Car People talking about the Car Business – This is the place where it happens |
|
Thread Tools | Display Modes |
08-31-2011, 11:29 AM | #1 |
Administrator
Join Date: Nov 2007
Posts: 14,869
|
State of the Automotive Finance Market - Second Quarter 2011
State of the Automotive Finance Market - Second Quarter 2011 Experian Services Corporation just released their Second Quarter, 2011 State of Automotive Financing presentation and I wanted to highlight some of the recent trends. For the most part the trends are very favorable and should be shared with your sales staff so they can feel more confident in the dealership's ability to get car loans funded. Here's a recap of the major findings: Current auto loans with a 30 Day Delinquency are falling with all of the lending institutions. (Banks, captives, credit unions, finance companies, etc.) Currently 2.59% of all auto loans are 30 Days Delinquent - last year it was 2.89%
|
08-31-2011, 11:51 AM | #2 |
Administrator
Join Date: Nov 2007
Posts: 14,869
|
Here's a copy of the Experian Presentation
For those who may be wondering where all of this data comes from, I've included Experian's State of the Automotive Finance Market - Second Quarter 2011 as an attachment to this post.
The presentation is 29 pages long so it's a large file but it's an interesting read with a lot of great information. Note: This attachment is only available to DealershipForum members. If you're not a member but still want a copy of this presentation just send me a message using the "Contact Us" link and I'll send you an email message with the attachment. . |
08-31-2011, 03:48 PM | #3 |
Administrator
Join Date: Nov 2007
Posts: 14,869
|
Nothing about leasing.....
While I thought the report from Experian provided a wealth of knowledge I'm somewhat surprised they didn't discuss leasing.
I'd be curious to learn the percentage of leasing business each captive lender did. I alway heard that BMW was heavy into leasing, it would be interesting to see the numbers. |
Thread Tools | |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Top 20 Used Car Lenders by Market Share for the Second Quarter of 2011 | XDCX | Automotive Discussions | 2 | 09-06-2011 12:28 PM |
Top 20 New Car Lenders by Market Share for the Second Quarter of 2011 | XDCX | Automotive Discussions | 5 | 08-31-2011 11:44 AM |
Predictions for Automotive Retail in 2011 | XDCX | Automotive Discussions | 9 | 01-05-2011 03:38 PM |
State Associations | ohiobuckeyes | Automotive Discussions | 0 | 09-16-2010 05:16 PM |
Sonic Automotive Conference Call - Strong Results in a Tough Market | XDCX | Automotive Discussions | 4 | 02-27-2008 05:34 PM |