For the second consecutive quarter, the national auto loan delinquency rate hit its lowest level since TransUnion began tracking the data in 1999.
The firm tracked the ratio of borrowers 60 or more days past due. Auto loan delinquency rates in the second quarter dropped to 0.33%, down from 0.36% in the first quarter.
On a year over year basis, auto loan delinquencies declined 25% from 0.44% in the second quarter of 2011, according to TransUnion.
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