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, Experian’s latest State of the Automotive Finance Market report shows. The subprime loans in 1Q17 comprise 19.8% of the total loan risk distribution compared with 20.4% in 1Q16. As usual, the majority of loan balances […]
  • Huixin Deng
  • June 19, 2017
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Auto Loans Reach New Record, Surpass $1 Trillion Mark

Auto loan balances topped $1 trillion, according to Experian Automotive data released yesterday. The market first reached the trillion dollar mark in 3Q15, but this marks the first time the market has surpassed the previous record. To be exact, loan balances came to $1.005 trillion in 1Q, up from $905 billion the same time a year prior, […]
  • Larissa Padden
  • May 20, 2016
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Delinquencies Inch Up, Thanks to Subprime Growth, Experian Says

Automotive loan delinquencies grew in the third quarter, with 30-day delinquencies up 3.7% from the previous year, while 60-day delinquencies jumped 8.6% during the same time period, according to Experian Automotive’s State of the Automotive Finance Market Report, released today.
  • Larissa Padden
  • November 19, 2014
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