deep subprime

Nonprime and subprime auto lending increases while delinquen...

Posted on Dec 16 2012 by
Findings from Experian's latest State of the Automotive Finance Market analysis showed market share for nonprime, subprime and deep subprime automotive loans for new vehicles grew by 13.6 percent and new vehicle leasing increased...

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Average credit score drops for both new and used auto loans...

Posted on Apr 06 2012 by
The automotive loan market continued to improve, with lenders showing more willingness to lend outside of prime. In Q4 2011, average credit scores for new and used auto loans dropped when compared with Q4 2010. Additionally, the...

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Automotive loan originations shift into high gear...

Posted on Mar 23 2012 by
Lenders continued to increase their appetite for risk in Q2 2011, with new vehicle loans for customers with credit outside of prime increasing by 22.4 percent compared with the previous year. In Q2 2011, 22.29 percent of all new...

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