Auto Finance Growth Outlook Sparks Confidence

That was a slight increase from 0.79 percent a year earlier, TransUnion said. Loans that are delinquent 60 or more days are the most likely to be written off as bad loans. For buyers with subprime credit, the 60-day delinquency level was 5.02 percent, only a small increase from 4.94 percent a year earlier. "It's encouraging to see consumers take on more auto debt while delinquencies remain low," Turek said.

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