The National Automotive Finance Association and the American Financial Services Association on Thursday announced the availability and launch of the 2016 Non-Prime Automotive Finance Survey.

For 20 years the NAF Association has produced a report of the nonprime auto financing market.  NAF Association leaders partnered with AFSA for the second year to conduct the broadest survey of the non-prime auto-financing marketplace. Through the combined efforts of both associations, 50 companies contributed to the survey to produce the most comprehensive study of the industry ever compiled.

“More and more companies are relying on the survey as a benchmarking tool to measure their company’s performance and to identify industry trends,” NAF Association executive director Jack Tracey said. “The metrics can also be useful in explaining a company’s policy decisions to regulators.

“This broad base of contributing finance company data provides an accurate and unbiased view of the industry,” continued Tracey, who again will be part of the SubPrime Forum during Used Car Week on Nov. 14-16 at the Red Rock Resort and Casino in Las Vegas.

The increased participation in the 2016 Non-Prime Survey represents an outstanding principal exceeding $34 billion (year end 2015).

Below is an example of the key market trends, performance evaluations, statistical analysis, comparison and benchmarking included in survey:

• Market growth
• Competition
• Market share
• Dealerships network
• Risk indicators
• Credit scores
• Payment to income ratios
• Average loan rates
• Delinquency
• Repossession rate
• Net charge-off rate
• Average amount financed
• Contract terms
• Operating expenses
• Profitability

The survey is being distributed at no cost to NAF Association and AFSA member companies that participated. For other companies interested in the survey, the cost is $500 and it can be ordered online here.