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New subprime entrants shape auto loan vintage comparisons

2024-2025 vintages improved over 2022-2023 cohort, but still lag 2019

C.J. Moore

Credit expansion within the overall U.S. economy is shaping how auto loan vintages perform, with expected losses continuing to rise across challenged cohorts.  More new and smaller originators catering to deeper subprime borrowers have entered the auto finance market since 2008, which has contributed to the shift in loan performance in recent years and complicates […]

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