Today’s subprime lending climate is always changing, and recent news indicate that there have been higher rates of auto delinquencies and defaults. Outstanding loan debt in the U.S. reached its $1 trillion dollar mark at the end of 2015. And subprime annualized losses are now projected to be at 10% for 2016 (compared to 8.72% in 2015).
It’s becoming more imperative than ever for both auto lenders and BHPH dealers to ensure that their bottom lines are protected, despite increasing delinquencies and defaults.
Check out our infographic below to see how many of our vehicle finance customers drive results with GPS vehicle tracking. To learn more, visit our lender solutions page or used car dealer solutions page.