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June 7, 2017 - Industry News

Subprime Auto Originations Fall to 10-Year Low

Reflecting the shift toward more creditworthy borrowers was the rise in average credit scores for both new- and used-vehicle loans. But the retreat from the high-risk tiers also comes during a quarter in which the average new-vehicle finance amount and monthly payment reached record highs.

Tags: 30-day delinquency rate, auto finance, average term, deep subprime, Monthly Payments, subprime, transaction prices

May 19, 2015 - Industry News

Subprime Loan Percentage Falls to Lowest Level in Three Years

In the first quarter of 2015, the percentage of automotive loans that fell within the subprime and deep subprime risk categories made up 19.7% of the market, the lowest share since 2012, according to Experian Automotive.

Tags: deep subprime, Experian, Experian Automotive, First Quarter, Melinda Zabritski, subprime

May 5, 2015 - Industry News

Subprime Loan Percentage Falls to Lowest Level in Three Years

In the first quarter of 2015, the percentage of automotive loans that fell within the subprime and deep subprime risk categories made up 19.7% of the market — the lowest share since 2012, according to Experian Automotive.

Tags: deep subprime, Delinquencies, Experian, Experian Automotive, First Quarter, Melinda Zabritski, subprime

February 19, 2015 - Industry News

Experian: Total Outstanding Auto Loan Balance Hits All-Time High

The total outstanding balance on open automotive loans hit $886 billion in the fourth quarter of 2014, but subprime and deep subprime market share remained at low levels.

Tags: Auto Loans, deep subprime, Delinquencies, Experian Automotive, Experian Automotive Industry report, subprime

September 3, 2014 - Industry News

Subprime Financing Begins to Level Off, Experian Says

The percentage of new-vehicle loans made to credit-challenged car buyers was at 15.1% in the second quarter of 2014, down from 22.1% in the same period in 2013, according to Experian Automotive.

Tags: Auto Loans, deep subprime, Experian Automotive, Melinda Zabritski, subprime

September 3, 2013 - Industry News

New-Vehicle Financing, Leasing Reach New Highs

Experian Automotive reports that 84.5 percent of consumers used a loan or a lease to purchase a new vehicle in the second quarter, with leasing accounting for 27.64 percent of all new vehicles financed during the quarter.

Tags: deep subprime, Experian Automotive, new-vehicle leasing, nonprime, retail financing, subprime

February 23, 2012 - Industry News

Interest Rates at Lowest Levels Since 2008, Experian Reports

Experian Automotive announced that the automotive loan market showed continued improvement, with interest rates for new- and used-vehicle loans at their lowest levels since 2008.

Tags: Auto Loans, Credit Scores, deep subprime, Experian, interest rates, nonprime, subprime

December 1, 2011 - Industry News

Subprime Originations Realize 3Q Boost, Reports Experian Automotive

Below-prime auto loan originations continued to pick up steam in the third quarter, with the biggest gains seen in the two highest risk segments, Experian Automotive reported.

Tags: Auto Loans, deep subprime, Experian, nonprime, subprime

August 30, 2011 - Industry News

Below-Prime Originations Jump 22.4 percent in 2Q, Experian Reports

Experian Automotive reports that the below-prime segment represented 22.29 percent of all loans originated in the second quarter, up from 18.21 percent in the year-ago quarter.

Tags: Credit, deep subprime, Experian, new-vehicle originations, nonprime, subprime

August 31, 2010 - Industry News

Auto Loan Delinquencies Drop; Nonprime and Subprime Loans Rise

Automotive loan delinquencies dropped during the second quarter this year, marking the second consecutive quarter with a year-over-year decrease in quarterly delinquencies, according to Experian Automotive.

Tags: Credit Scores, deep subprime, Delinquencies, Experian, Finance, nonprime, subprime

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