Subprime Automotive Information Center

2021 remained a tough year to get financing in if you were struggling with credit issues. According to the Experian State of the Automotive Finance Market Report for the fourth quarter of 2021, subprime loans continue to make up less of the overall market.

The lion's share of financing for used cars has continued to be banks and credit unions through the third quarter of 2021, according to Experian. In the latest State of the Automotive Finance Market report, Experian shows banks holding steady as the leaders in financing for used cars, with 35.35% of

According to the latest Experian reports, subprime and deep subprime loans are holding at a record low percentage of used car loans.

What could be better than getting fresh prospects in your door that are ready to buy? Getting the data that proves which product is working for you, of course!

One of the biggest challenges dealers face is getting prospects in the door. Many consumers are comfortable with searching for vehicles online before they head out anywhere ? but subprime buyers are a different story. Here?s how Auto Credit Express can help you reel in motivated subprime shoppers with our unique services.

With the ongoing shortage of chips impacting the supply of new vehicles, many dealerships risk disappointing their consumers if they aren't keeping up with demand. If you're relying on your current stock to make up your sales, we have some tips for bringing in the right prospects for your remaining stock.

2020 was a highly profitable year for many automakers and dealerships, despite early drops in sales due to physical closures from the pandemic. According to Experian's latest State of the Automotive Finance Market report, sales weren't spread evenly across the market, though, and subprime and deep subprime sales continued their downward trend throughout the fourth quarter.

Consumers appear to be happier with the car buying process since it seems to be moving along faster! Here's some of the latest info regarding car-buyer behavior.

The New Year is often regarded as a time for change, renewal, or hope for better things to come. While we've all had a year for the history books, here at Auto Credit Express, we're still working hard to bring your dealership new products and services that can reel in prospects.

The COVID-19 pandemic has changed much of our daily lives, but we would have never guessed that consumer credit scores are on the rise. Although the third quarter saw a drop in subprime auto loans, the average credit rating climbed.