State of the Automotive Finance Market - Experian
[Pages:28]State of the Automotive Finance Market
A look at loans and leases in Q4 2016
Presented by: Melinda Zabritski | Sr. Director, Financial Solutions
w w w. e x p e r i a n . c o m / a u t o m o t i v e
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Session overview
Market Overview
? Outstanding balances ? Total risk distributions ? Delinquency
Originations
? New and Used financing ? Lender and transaction types ? Loan & lease characteristics
2 ? Experian
Overall Automotive Finance Market
A review of all open automotive loans & leases
3 ? Experian
Loan balances break record highs while Credit Unions experience largest YOY growth (loans regardless of origination period)
Billions
Total open automotive loan balance
$1,200 $1,000
$886
$987
$1,072
$800
$600
$400
$200
$0
2014 Q4
2015 Q4
2016 Q4
Total open automotive loan balance
$1,200
$1,000 $800 $600 $400
$135 $208 $230
$166 $241 $244
$179 $277 $252
$200
$313
$337
$364
$0
2014 Q4
2015 Q4
2016 Q4
All Banks Captive Auto Credit Union Finance
Source: Experian-Oliver Wyman Market Intelligence Reports 4 ? Experian
Source: Experian-Oliver Wyman Market Intelligence Reports
Majority of loan balances remain prime or higher with modest growth in high risk segments
Loan balance risk distribution
35.16%
35.30%
35.30%
Year-over-year balance change
14.57%
27.75%
27.23%
26.93%
18.06%
18.03%
17.90%
15.58% 3.45% 2014 Q4
Deep Subprime
15.77% 3.66% 2015 Q4
Subprime Nonprime
15.96% 3.91% 2016 Q4
Prime Super Prime
Source: Experian-Oliver Wyman Market Intelligence Reports 5 ? Experian
8.62%
6.57%
6.15%
7.34%
Deep
Subprime Nonprime
subprime
Prime Super prime
30 day delinquency is flat with slight increase in at-risk dollars (loans and leases regardless of origination period)
Source: Experian-Oliver Wyman Market Intelligence Reports 6 ? Experian
Source: Experian-Oliver Wyman Market Intelligence Reports
30-day delinquency balances by state
(loans regardless of origination period)
1.42%
HI = 1.99%
Source: Experian-Oliver Wyman Market Intelligence Reports 7 ? Experian
Source: Experian-Oliver Wyman Market Intelligence Reports
60 day delinquency growth across all lender types
(loans and leases regardless of origination period)
Source: Experian-Oliver Wyman Market Intelligence Reports 8 ? Experian
Source: Experian-Oliver Wyman Market Intelligence Reports
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