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Tag Archives: Credit trends
Vehicle Average Loan, Monthly Payment at Record Highs
The population segments hurt most are subprime and deep subprime consumers. The percentage of new vehicle loans to subprime and deep subprime consumers has decreased 8.4% and 14.1%, respectively. The percentage of new vehicle loans to prime and super prime consumers has reached 73.4%, the highest Q1 level since 2012. Experian says it’s a sign that some lenders have become more risk-averse. Continue reading
Posted in auto news, marketing, sales
Tagged auto loans, autoinformed.com, automotive finance, Credit trends, experian, Ken Zino
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