PDF State of the Automotive Finance Market
State of the Automotive Finance Market
A look at loans and leases in Q4 2017
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
Experian Public State of the Automotive Finance Market Q4 2017
Overall Automotive Finance Market
A review of all open automotive loans & leases
3 ? Experian
Experian Public State of the Automotive Finance Market Q4 2017
Billions Billions
Loan balances reach another record high-yet experience slowing growth; Credit Unions see highest growth
Total open automotive loan balance
$1,150
$1,129
$1,100 $1,050
$1,072 8.58%
5.31%
$1,000 $950
$987 11.47%
$900
2015 Q4
2016 Q4
2017 Q4
Total open automotive loan balance
$1,200
$1,000 $800 $600 $400
$166 $241 $244
$179 $277 $252
$189 $313 $259
$200
$337
$364
$368
$0
2015 Q4
2016 Q4
2017 Q4
All Banks Captive Auto Credit Union Finance
4 ? Experian
Experian Public State of the Automotive Finance Market Q4 2017
Source: Experian-Oliver Wyman Market Intelligence Reports
Percentage of subprime shrinks as prime+ reaches nearly 61% of outstanding auto loan balances
Loan balance risk distribution
19.06%
18.72%
19.17%
41.86%
41.64%
42.00%
Year-over-year balance change
7.85% 6.25%
3.39%
3.72%
19.32%
19.25%
18.96%
16.10% 3.66% 2015 Q4
Deep Subprime
16.41%
3.98% 2016 Q4
Subprime Nonprime
16.11% 3.77% 2017 Q4
Prime Super Prime
-0.29%
Deep subprime
Subprime
Nonprime
Prime Super prime
5 ? Experian
Experian Public State of the Automotive Finance Market Q4 2017
30 day delinquency rates are improving
5.0%
2016 Q4 2017 Q4
% of loans & leases 30 dpd
4.65% 4.48%
4.0%
3.0% 2.0%
1.99% 1.82%
1.0%
2.32% 2.39%
1.43% 1.34%
0.0%
Bank
Captive
Credit Union
Finance
6.0%
2016 Q4 2017 Q4
% of loan balances 30 dpd
5.21% 5.12%
4.0%
2.0%
1.81% 1.66%
2.85% 2.92%
1.28% 1.17%
0.0%
Bank
Captive
Credit Union
Finance
2.44% 2.36% Total
2.48% 2.39% Total
6 ? Experian
Experian Public State of the Automotive Finance Market Q4 2017
Source: Experian-Oliver Wyman Market Intelligence Reports
Percentage of loan balances 30 dpd
AK = 1.69% HI = 1.79%
7 ? Experian
Experian Public State of the Automotive Finance Market Q4 2017
60 day delinquency rates also improve
2.0%
2016 Q4 2017 Q4
% of loans & leases 60 dpd
1.82% 1.73%
1.5%
1.0%
0.67% 0.61%
0.5%
0.58% 0.61%
0.37% 0.34%
0.0%
Banks
Captive
Credit Union
Finance
% of loan balances 60 dpd
2.5%
2016 Q4 2017 Q4
2.0%
2.00% 1.97%
1.5%
1.0%
0.59% 0.56%
0.5%
0.69% 0.71%
0.31% 0.27%
0.0%
Bank
Captive
Credit Union
Finance
0.78% 0.76% Total
0.78% 0.75% Total
8 ? Experian
Experian Public State of the Automotive Finance Market Q4 2017
Source: Experian-Oliver Wyman Market Intelligence Reports
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