* Average credit scores decline to near pre-bust levels * Used-car loan terms extended one month to avg 59 months * Delinquencies and repossessions declined in Q1 May 29 (Reuters) - Lenders in the United States gave car buyers some of the easiest credit terms since the financial crisis in the first quarter as they competed to make more loans to borrowers they see as safe, a credit research company said on Tuesday. The lenders also provided more money to people with subprime credit scores, ...
Premium Content (PAID Subscription Required)
"U.S. car lenders ease credit standards and terms to spur loans" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.