Experian: Deep subprime quarterly originations drop below 2%
This chart shows the average consumer credit score by contract term for used-vehicle financing booked during the fourth quarter of 2018, 2019 and 2020. Chart courtesy of Experian.
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Thursday, Mar. 4, 2021, 04:02 PM
SubPrime Auto Finance News Staff
SCHAUMBURG, Ill. -
The auto-finance industry’s appetite for the highest-risk paper declined to close 2020. According to Experian’s Q4 2020 State of the Automotive Finance Market report, analysts discovered deep subprime originations of all contracts booked in a quarter dipped below 2% for the first time. The fourth-quarter level came in at 1.98%. Experian classifies deep subprime as […]