DETROIT — GM Financial’s loan and lease originations climbed in the third quarter, even as General Motors’ U.S. light-vehicle sales fell 9.9 percent, and more customers paid their loans on time, despite economic uncertainty. Only 2.1 percent of payments were 31 to 60 days past due during the quarter, compared …
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The number of auto loans more than 30 days past due inched up in August, an early sign that customers coming out of forbearance programs aren’t keeping up with their car payments, credit bureau TransUnion said last week. The first waves of consumers to exit forbearance programs have mostly displayed …
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The automotive finance market favored customers in higher credit tiers in the months leading up to the coronavirus outbreak in the U.S., credit bureau Experian said Tuesday in its latest State of the Automotive Finance Market report. Subprime market share shrank in the first quarter as loan amounts hit record …
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