Repo Rates Swoon in Q1
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SCHAUMBURG, Ill. — Sharing some interesting news for the repossession and recovery industries, Experian Automotive said today that first-quarter auto repossession rates plummeted more than 37 percent year-over-year.
In its Q1 2012 State of the Automotive Finance Market report released this morning, Experian also pointed out that there was a 7.6-percent decline in 30-day delinquencies.
Furthermore, there was a 12.1-pecent decline in 60-day delinquencies.
SubPrime Auto Finance News will have more on the quarterly auto finance trends observed by Experian in Wednesday's SubPrime News Update.
