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    auto loan refinance news

    Brazil Auto Loan Defaults Rose To 5.7% In March -Anef

    18.05.12 Defaults on Brazilian auto loans rose again in March, reaching the highest level in more than three years, the association of automaker financing institutions, or Anef, said Monday.

    Default rates rose to 5.7%, from 5.5% in February, while the total value of outstanding loans was relatively stable, Anef said. Default rates previously reached a high of 5.5% in the middle of 2009 as the global financial crisis drove up borrowing costs. Anef didn't provide data from before 2009.


    Source: Fox Business

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