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Subprime share of loans, defaults dip in July

Subprime share sat at 16.7% in July

Amanda Harris

Declining subprime auto finance market share is contributing to a higher-quality credit mix industrywide and helping to offset rising defaults and repossessions.   There are fewer subprime auto loans as several lenders have stepped back from lending to riskier credit tiers in the past year, Jeremy Robb, senior director of economic and industry insights at Cox […]

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