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Home » Lower-credit consumers rejected by subprime auto lenders amid vehicle price hikes

Lower-credit consumers rejected by subprime auto lenders amid vehicle price hikes

Q1 30-day DQs rose 5 bps to 2%

Aidan BushbyAidan Bush
June 9, 2026
in Risk Management
Reading Time: 2 mins read
0
Auto finance fraud exposure expected to surpass $10B in 2026

(Courtesy/Canva)

Subprime borrowers are struggling to meet subprime auto lenders’ existing credit standards as vehicle prices rise and consumers struggle to make monthly payments. Bedford, Texas-based subprime lender SameDay Auto Finance’s payment-to-income (PTI) ratio has held steady and its approval rate stayed flat year over year at 20% in the first quarter, Chief Executive Russell Warden […]

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