TransUnion, one of the three national consumer data collection companies, reported Thursday that the highest number of consumers had auto loans in the first quarter of 2015 since the Great Recession, but delinquency has remained at a steady, low level.
The consumer information firm reported that 71 million consumers had an auto loan in the first quarter of 2015, an increase of 1.2 million over the last quarter of 2014. The delinquency rate over both quarters stood at 0.99%.
"Even as more consumers have access to an auto loan or lease, we're seeing a continued low level of delinquencies on a year-over-year and quarterly basis," Jason Laky, senior vice president and automotive business leader for TransUnion, said.
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