LTVs fall significantly in Q2 amid high vehicle values


Loan-to-value ratios on used vehicles came down 9.5% from last quarter amid increases in vehicle pricing. Increased vehicle values have driven up loan amounts, but loan-to-value ratios have declined industrywide, Melinda Zabritski, senior director of automotive financial solutions at Experian, told Auto Finance News. Rising vehicle prices, which are more profound in used units, have […]

Source : AutoFinanceNews