Volume Picking Up On Vehicle Delinquency Interviews (Called Car Chases In The Field Services Industry)

Zerohedge reports nothing says “recovery” like the record-breaking surges in sales of Rolls-Royce luxury vehicles juxtaposed by the highest level of auto loan delinquency since the 2008 crisis peak.

Rolls-Royce Motor Cars posted a 12% increase in 2014 global sales, hitting a record 4,063, and the company’s chief executive expects more growth in 2015 as demand for highly customized luxury sedans grows. The average car sells for more than $250,000 and often much higher as buyers heavily customize their vehicles, leading to healthy margins. Rolls-Royce Customers have had thousands of tiny LED lights installed into the ceiling of cars to reflect the constellation on the day of their birth–accented with diamonds. That is in addition to things like cigar humidors and refrigerators that are de rigueur in super luxury cars.

 Of the 15 biggest U.S. auto-lending banks, Santander had the largest percentage of delinquent auto loans in the third quarter, according to SNL Financial. Santander’s delinquency rate of 16.7% was followed by Capital One at 6.6%.

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