At 14.6 million, the total number of auto loan originations from January to August 2012 is at its highest mark since 2007, according to Equifax.
Total outstanding auto loan balances through October was more than $770 billion, which is an increase of 11% since auto loan balances bottomed out in April 2011, Equifax's National Consumer Credit Trends Report showed.
Similarly, the total number of existing auto loans through October was more than 58 million, which represents a 33-month high, according to Equifax.
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