Percentage of Used Sales under FICO 670

Retail Automotive Summary - October 22, 2012

Article Summary
  • Fran­chised and inde­pen­dent deal­ers ben­e­fit­ing from abil­i­ty to find financ­ing for some of more cred­it-chal­lenged cus­tomers
  •  In Jan­u­ary 2010, 27% of con­sumers get­ting auto loan had a FICO score under 670
  •  Has risen dra­mat­i­cal­ly in past few months and now stands at around 42%
Significance of the Data
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