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Auto lenders increase lending to subprime consumers
April 14, 2011

Auto lenders appear to be less risk averse, as they continued to loosen credit during Q4 2010 for nonprime and subprime customers. Findings from a recent AutoCount® Risk Report show that the share of loans to credit-challenged new vehicle shoppers grew by 18.2 percent in Q4 2010 compared with the previous year. For subprime customers, the share of loans jumped from 5.6 percent to 6.96 percent, while the share of loans to deep-subprime customers increased from 1.44 percent to 1.74 percent.

For more information on Experian Automotive's AutoCount Risk Report, visit: https://www.autocount.com

Source: Experian Automotive's AutoCount Risk Report




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