Equifiax sees record high in new auto loans

Auto leasing has surged as consumer demand for new vehicles remains strong. That’s according to the latest Equifax Inc. (NYSE: EFX) National Consumer Credit Trends Report. The Atlanta-based company also reported auto loan originations reached a record high, while severe delinquency rates are the lowest they have been in nearly a decade. The severe delinquency rate (the percentage of outstanding loans that are 60 or more days past due) for auto loans and leases for April 2015 was 0.81 percent…
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