Banks didn’t make many adjustments in the auto-finance department during the second quarter.

The auto-loan portion of the July Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) generated by the Federal Reserve showed high percentages of participants keeping strategy intact during the reporting period when asked about elements such as maximum maturity and down payments.

Here are those specific percentage of participants who chose “remained basically unchanged” when asked about:

—Maximum maturities: 94.2%

—Spread of loan rates over your bank’s cost of funds (wider spread equals tightened; narrower spreads equal eased): 82.7%

—Minimum required down payment: 96.2%

—Minimum required credit score: 94.2%

—The extent to which loans are granted to customers who did not meet credit scoring thresholds: 96.2%

When looking deeper at the subprime credit space, analysts added more context when looking at the newest survey data.

“Regarding consumer loans, standards, on net, were on the tighter ends of their historical ranges for all consumer loan categories,” the Fed said in a news release. “Significant net shares of banks reported standards on the tighter ends of their ranges for subprime credit card loans, subprime auto loans, and other consumer loans, while moderate net shares of banks reported standards on the tighter ends of their ranges for prime credit card and auto loans.

“Compared with the July 2024 survey, lower net shares of banks reported standards on the tighter ends of their ranges for subprime credit card and auto loans, while similar net shares of banks reported relatively tight levels of standards for the remaining consumer loan categories,” the Fed said.