State of the Auto Finance Market - Experian

State of the Automotive Finance Market

Presented by: Melinda Zabritski Q2 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 Q2 2019

Overall Automotive Finance Market

A review of all open automotive loans & leases

3 ? Experian

Experian Public State of the Automotive Finance Market Q2 2019

Loan balances reach another record high

Billions Billions

Total open automotive loan balance

$1,220 $1,200

$1,197

$1,180

4.20%

$1,160 $1,140

$1,149

$1,120 $1,100 $1,080

$1,100 7.13%

4.42%

$1,060

$1,040

2017 Q2

2018 Q2

2019 Q2

4 ? Experian

Experian Public State of the Automotive Finance Market Q2 2019

Total open automotive loan balance

$1,400

$1,200 $1,000

$186.7

$192.4

$212.9

$800

$295.2

$600

$252.5

$400

$329.4 $259.8

$351.8 $261.1

$200

$365.7

$0

2017 Q2

Banks Captive

$367.0

2018 Q2 Credit Union

$371.0

2019 Q2 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

19.62%

20.01%

20.18%

41.97%

42.66%

42.62%

18.73%

18.53%

18.26%

15.97% 3.71% 2017 Q2

Deep Subprime

15.49% 3.32% 2018 Q2

Subprime Nonprime

15.44% 3.50% 2019 Q2

Prime Super Prime

5 ? Experian

Experian Public State of the Automotive Finance Market Q2 2019

9.90%

3.92%

2.67%

4.10%

5.09%

Deep

Subprime Nonprime

subprime

Prime Super prime

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