Subprime share falls below Great Recession levels in Q4
Record-high vehicle payments also have sparked affordability concerns
Close to a year after the start of the COVID-19 pandemic, subprime market share has fallen below Great Recession levels, and affordability concerns continue to heighten. Subprime originations for used- and new-vehicle loans declined to 15.99% of the total market in the fourth quarter of 2020, down from 18.36% a year ago, according to Experian’s […]
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