Auto loan delinquency rate reveals a marginal increase says Transunion.com
TransUnion.com concluded its analysis of trends in the auto loan lending industry, for the second quarter of 2008. This report analyses credit card, auto loan and mortgage data pertaining to the consumer lending sector. There has only been a marginal increase in the national 60-day auto loan delinquency rate from 0.65 percent to 0.68 percent, between the first and second quarters of 2008. The auto loan delinquency rate registered an increase of 11.5 percent in comparison to the second quarter of 2007 (0.61 percent).
The District of Columbia auto loan delinquency rate was highest at 1.41 percent, followed by Mississippi at 1.25 percent. Alaska recorded the lowest auto loan delinquency rates of 0.22 percent, followed by North Dakota with 0.30 percent and Wyoming at 0.41 percent.
Alaska also revealed the largest improvements in delinquency from the previous quarter with 40 percent decrease from 0.37 percent; New Hampshire decreased 35 percent from 0.65 percent and Wisconsin decreased 18 percent from 0.55 percent.