NAF Association Releases Industry Study
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.
The survey is available to NAF members for $200 and for $500 to non-members. Those who responded to the questionaire receive a complimentary copy of the report for their participation in the study. To order a copy of the report contact NAF Association at 800-463-8955 by phone; 412-885-1986 by fax; or jtracey@nafassociation.com by e-mail.
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