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Auto Loans Roaring Ahead

Auto loan and lease credit performance continued to roar ahead in the final quarter of 2011 due to positive consumer economic trends and positive used vehicle prices. The used car prices and consumer trends were so strong that they overcame the traditional, cyclical second-half seasonal drop.

Fitch Ratings released its forward-looking outlook saying that the auto finance industry performance should remain stable for the remainder of 2012. Since the end of 2011 saw auto lenders reporting the lowest rates of charge-offs and delinquencies in 10 years, there is good reason for auto lender industry observers to be optimistic.

About the Author

The author has many years of experience in automotive finance and insurance. However, each consumer's situation is unique. It is best to contact a finance specialist for further assistance.
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