Used Vehicle Sale FICO Scores

Used Vehicle Sale FICO Scores

Retail Automotive Summary - February 25, 2013

Article Summary
  • Used vehicle loans through dealers below previous benchmark of FICO 670 has gone up from about 27% in January 2010 to nearly 45% in late 2012
  • Average FICO score was about 620 in January 2011 and dropped to 580 in January 2013
  • Franchised and independent dealers have been doing much better than private party in used vehicle sales lately, and availability of lower FICO score loans is helping that trend
Significance of the Data
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