State of the Auto Finance Market - Experian

State of the Automotive Finance Market

Presented by: Melinda Zabritski Q3 2019

1 ? Experian

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 Q3 2019

Overall Automotive Finance Market

A review of all open automotive loans & leases

3 ? Experian

Experian Public State of the Automotive Finance Market Q3 2019

Loan balances reach another record high

Billions Billions

Total open automotive loan balance

$1,240 $1,220

$1,220

$1,200

4.0%

$1,180

$1,174

$1,160

$1,140 $1,120 $1,100

$1,121 6.3%

4.7%

$1,080

$1,060

2017 Q3

2018 Q3

2019 Q3

4 ? Experian

Experian Public State of the Automotive Finance Market Q3 2019

Total open automotive loan balance

$1,400

$1,200 $1,000

$800 $600 $400

$190.3 $305.1 $255.6

$200.0 $342.0 $262.6

$218.7 $358.6 $264.2

$200

$370.2

$0

2017 Q3

Banks Captive

$368.8

2018 Q3 Credit Union

$378.9

2019 Q3 Finance

Source: Experian-Oliver Wyman Market Intelligence Reports

Loan balance distribution stable: percentage of all subprime balances remains under 19%

Loan balance risk distribution

Year-over-year balance change

19.63%

20.03%

20.11%

41.71%

42.17%

42.27%

18.72%

18.50%

18.29%

16.06% 3.87% 2017 Q3

Deep Subprime

15.70% 3.60% 2018 Q3

Subprime Nonprime

15.60% 3.73% 2019 Q3

Prime Super Prime

5 ? Experian

Experian Public State of the Automotive Finance Market Q3 2019

7.79%

3.30%

2.82%

4.26%

4.41%

Deep

Subprime Nonprime

subprime

Prime Super prime

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