Subprime Loan Percentage Falls to Lowest Level in Three Years
SCHAUMBURG, Ill. — In 2015’s first quarter, the percentage of automotive loans that fell within the subprime and deep subprime risk categories made up 19.7% of the market — the lowest share since 2012, according to Experian Automotive. The firm’s State of the Automotive Finance Market report for first quarter 2015 found that subprime loans made up 16.2% ... Read More »