Automotive originations increase across the credit spectrum
April 22, 2010
Automotive originations increased by 9.2 percent, from $70.1 billion in Q2 2009 to $76.6 billion in Q3 2009. More importantly, auto originations increased for consumers within all VantageScore® tiers from Q2 2009 to Q3 2009:
- VantageScore A: $12.3 billion to $13.5 billon (9.8 percent)
- VantageScore B: $20.2 billon to $23.0 billon (13.8 percent)
- VantageScore C: $19.2 billon to $21.0 billon (9.4 percent)
- VantageScore D and F: $18.3 billon to $18.9 billon (8.7 percent)
This information contrasts with data for the same period a year ago, when originations decreased for all VantageScore tiers and declined overall by 10.2 percent.
To learn more about VantageScore Solutions, LLC’s recent auto loan analysis,
view the Jan. 27 newsletter, VantageScore® NewsBlast.
Source: Experian–Oliver Wyman Market Intelligence Reports
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