Higher used-car trade-in values could bolster subprime share
Strong demand and limited inventory elevate trade-in values
Record increases in used-vehicle values could help spur growth in the subprime market following at least five years of sequential declines. Subprime share stood at 17.15% in the first quarter of 2021, a decrease of 304 basis points year over year, according to the “Q1 State of the Automotive Finance Market” report from consumer credit […]
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