TransUnion reports that the national auto loan delinquency rate (the rate of borrowers 60 or more days past due) reached its lowest level since TransUnion began tracking the data in 1999. Auto loan delinquency rates in Q1 2012 dropped to 0.36%, down nearly 27% from Q1 2011 (0.49%). On a quarterly basis, auto loan delinquencies declined almost 22% from 0.46% in Q4 2011. This information is reported by TransUnion and is part of its ongoing series of quarterly analyses of credit-active U.S. consumers and how they are managing credit related to mortgages, credit cards and auto loans.
Source: TransUnion Press Release