ATLANTA, June 28, 2012 /PRNewswire/ -- New auto finance company loans originated between January-March 2012 totaled $52.5 billion, which is 49% higher than the recession low in March 2009 ($26.9 billion) according to Equifax's May National Consumer Credit Trends Report. The most current data also shows that new auto bank loans amounts originated between January-March 2012 totaled $47.5 billion, a seven-year high and 25% higher than the recession-era low in March 2010 ($35.9 billion).
The total number of outstanding auto loans continues to climb, surpassing 57 million for the first time since February 2010 and balances among existing auto loans are also increasing, with the May 2012 total of $740 billion representing a 34-month high.
Other highlights from the most recent data include:
About Equifax, Inc.
Equifax (NYSE: EFX) is a global leader in consumer and commercial information solutions, providing businesses of all sizes and consumers with information they can trust. We organize and assimilate data on more than 500 million consumers and 81 million businesses worldwide, and use advanced analytics and proprietary technology to create and deliver customized insights that enrich both the performance of businesses and the lives of consumers.
Headquartered in Atlanta, Equifax operates or has investments in 18 countries and is a member of Standard & Poor's (S&P) 500® Index. Its common stock is traded on the New York Stock Exchange (NYSE) under the symbol EFX. For more information, please visit www.equifax.com.
SOURCE Equifax, Inc.
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