TransUnion.com released today the results of its analysis of trends in the auto lending industry for the second quarter of 2008. The report is part of an ongoing series of quarterly consumer lending sector analyses focusing on credit card, auto loan and mortgage data that may be found on TransUnion's Web site.
Statistics
The national 60-day auto delinquency rate (the ratio of auto loan borrowers 60 or more days past due) changed little between the first and second quarter of 2008, increasing from 0.65 percent to 0.68 percent. The delinquency rate increased 11.5 percent from the second quarter of 2007 (0.61 percent).
