Subprime Loan Volume Reaches Record Low, Experian Finds
Subprime loan volume declined 55 basis points in the first quarter compared to the year prior while prime loans increased, ...
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Lenders Trade Subprime Borrowers For Longer Loan Terms, Experian Shows
Loan terms continue to rise and increase lender risk due to an environment of softening used vehicle values, Experian’s third ...
Experian: Lenders ‘Keep Cool’ with Subprime Risk Intake
Auto lenders are “keeping cool heads” when it comes to their risk intake of subprime and deep-subprime customers, said Melinda ...
Incentives, Leasing Mean Captives Slurp Up Share: Experian
Captive finance companies gained share in the third quarter, to 51.6% of new-vehicle loan originations. That was the highest captive ...
Lease Share, Loan Size Hit Record Highs for Q3: Experian
Lease share of new-vehicle volume hit a record for the third quarter, barely beating a record set in the second ...
Experian Reports New ‘Norm’ for Loan Terms
SCOTTSDALE, Ariz. – Longer loans with 72-month terms or even longer are becoming the "new norm" in auto finance – including ...
Lenders Pour on Volume, Late Payments Remain Low, Experian Says
Auto loan delinquencies remained virtually flat or down slightly in the third quarter despite increases in volume in all risk ...
Volume Up, Late Payments Flat in 2Q: Experian
Despite record-high outstanding loans, auto loan delinquencies were essentially flat in the second quarter compared with a year ago, Experian ...
