Subprime Auto Loans Ratcheting Up

PR Newswire - September 4, 2012

The Q2 2012 analy­sis from Exper­ian Auto­mo­tive shows that lenders are still tak­ing a cau­tious approach to non­prime, sub­prime and deep sub­prime risk tiers.

Find out how loans to cred­it-chal­lenged cus­tomers fared in Q2.

Exper­ian Auto­mo­tive reports that loans to cus­tomers in the non­prime, sub­prime and deep-sub­prime risk tiers account­ed for more than one in four new vehi­cle loans in Q2 2012.

With 25.41 per­cent of all new vehi­cle loans to cus­tomers in the non­prime, sub­prime and deep sub­prime risk tiers, loans to cred­it-chal­lenged cus­tomers were up 14 per­cent com­pared to Q2 2011. In addi­tion, new vehi­cle loans to cred­it-chal­lenged cus­tomers now are high­er than they were in Q2 2007 (24.96 per­cent) and Q2 2008 (24.49 per­cent) just pri­or to the finan­cial mar­ket cri­sis. [read the full arti­cle for more find­ings]

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