Auto loan delinquency rates and repossessions rose in the first quarter fueled largely by an increase in subprime loans, Experian Automotive says.
Experian said auto loans delinquent by 60 days rose 12 percent and repossessions increased 17 percent compared with the first quarter of 2012. Loans delinquent 30 days showed a slight increase of 1 percent.
The rate of repossessions edged up to 0.5 percent from 0.43 percent.
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