The Car and Truck Fleet and Leasing Management Magazine

Consumer Confidence High in Healthy Auto Market

August 22, 2017


Auto loan originations, total debt outstanding, and the share of subprime borrowers are on the rise, according to Manheim Chief Economist Jonathan Smoke’s Industry Insights.

Even with more cars being sold and the percentage of those sales coming from subprime borrowers increasing, the default rate for auto loans is at a 13-year low.

This bodes well for a healthy car market, as it means that not only are more people buying cars, but that the people who are buying cars can afford to pay them. 

"Under these conditions, demand should continue to be strong for vehicles," said Smoke.

Households have also set a new nominal record for debt. This, the report added, is a sign that consumer confidence is high and that credit is readily available. However, it is not just debt that is on the rise. 

"While debt is growing, it is commensurate with growth in the economy," said Smoke. 

Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.


Fleet Tracking And Telematics

Todd Ewing from Verizon Connect will answer your questions and challenges

View All


Fleet Management And Leasing

Jack Firriolo from Merchants will answer your questions and challenges

View All


Fuel Management

Bernie Kanavagh from WEX will answer your questions and challenges

View All


Sponsored by

Propane is produced from both natural gas processing and crude oil refining, in roughly equal amounts from each source. In the fleet industry, it can be used as a vehicle fuel.

Read more

Up Next

More From The World's Largest Fleet Publisher