PITTSBURGH, Pa. - The National Automotive Finance (NAF) Association published its "Non-Prime Automotive Financing Study 2001" on July 11. The survey, analyzing responses from 26 companies, measures growth and changes in credit terms and practices in the non-prime auto lending industry.
The mean portfolio size of the participants was just under $711 million. Based on dollar volume, the top states in which the respondents do business are Texas, Florida, Georgia, California, North Carolina and Virginia. Average booking rates remain virtually unchanged from the previous 1998 study. Booking rates are lower for Internet-sourced applications, according to the NAF study.










