Daniela Francheska Sherrod's Blog – January 2012 Archive (1)
Subprime Is On The Rise: Which Creates New Profit Avenues For Smart Car Dealers
According to Experian: car loan delinquencies fell in the first quarter of 2011, for the first time in three years. Default rates have dropped by 28% from the previous year; meaning that banks are feeling more confident in lending to more sub-prime customers. The banks also have more money to lend so they are more willing to take risks and lend to people with less than perfect credit.
This is good news for Independent Dealers…
ContinueAdded by Daniela Francheska Sherrod on January 2, 2012 at 5:01pm — No Comments
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- Subprime Is On The Rise: Which Creates New Profit Avenues For Smart Car Dealers
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