Sep
16
2012

One in four auto loans are now nonprime or subprime

Loans to customers in the nonprime, subprime and deep-subprime credit risk tiers accounted for more than one in four new vehicle loans in Q2 2012. With 25.41 percent of all new vehicle loans opened by customers in the nonprime, subprime and deep-subprime credit risk tiers, loans for this group were up 14 percent when compared with Q2 2011.

Listen to our recent Webinar on Q2 2012 automotive credit trends

Source: Experian Automotive’s quarterly credit trend analysis


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