State of the Auto Finance Market
[Pages:28]State of the Automotive Finance Market
Presented by: Melinda Zabritski Q1 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 Q1 2019
Overall Automotive Finance Market
A review of all open automotive loans & leases
3 ? Experian
Experian Public State of the Automotive Finance Market Q1 2019
Loan balances reach another record high
Billions Billions
Total open automotive loan balance
$1,200 $1,180
$1,181
$1,160
6.5%
$1,140
$1,120 $1,100 $1,080 $1,060
$1,083 7.8%
$1,108 2.3%
$1,040
$1,020
2017 Q1
2018 Q1
2019 Q1
4 ? Experian
Experian Public State of the Automotive Finance Market Q1 2019
Total open automotive loan balance
$1,400
$1,200 $1,000
$800 $600 $400
$180.1 $286.8 $252.7
$161.9 $318.7 $259.0
$201.5 $351.4 $260.5
$200
$363.5
$0
2017 Q1
Banks Captive
$368.7
2018 Q1 Credit Union
$367.5
2019 Q1 Finance
Source: Experian-Oliver Wyman Market Intelligence Reports
Percentage of all subprime balances remains under 19%
Loan balance risk distribution
19.74%
20.29%
20.71%
41.70%
42.46%
42.31%
18.86%
18.55%
18.20%
15.94% 3.76% 2017 Q1
Deep Subprime
15.23% 3.47% 2018 Q1
Subprime Nonprime
15.18% 3.59% 2019 Q1
Prime Super Prime
5 ? Experian
Experian Public State of the Automotive Finance Market Q1 2019
Year-over-year balance change
10.48%
8.75%
6.19%
4.50%
6.19%
Deep
Subprime Nonprime
subprime
Prime Super prime
30 day delinquency rates rise for most lenders
6.0%
2018 Q1 2019 Q1
% of loans & leases 30 dpd
4.0%
3.83% 3.52%
2.0%
1.74% 1.73%
1.61% 1.95%
1.17% 1.15%
0.0%
Bank
Captive
Credit Union
Finance
% of loan balances 30 dpd
6.0%
2018 Q1 2019 Q1
4.0%
2.0%
1.60% 1.58%
1.79% 2.32%
1.02% 0.98%
4.26% 3.99%
0.0%
Bank
Captive
Credit Union
Finance
1.90% 1.98% Total
1.86% 1.98% Total
6 ? Experian
Experian Public State of the Automotive Finance Market Q1 2019
Source: Experian-Oliver Wyman Market Intelligence Reports
Percentage of loan balances 30 dpd
AK = 1.46% HI = 1.39%
7 ? Experian
Experian Public State of the Automotive Finance Market Q1 2019
60 day delinquency remains flat
2.0%
2018 Q1 2019 Q1
1.5%
% of loans & leases 60 dpd
1.60% 1.45%
1.0%
0.63% 0.67%
0.5%
0.53% 0.50%
0.30% 0.29%
0.0%
Banks
Captive
Credit Union
Finance
2.0%
2018 Q1 2019 Q1
1.5%
% of loan balances 60 dpd
1.80% 1.64%
1.0%
0.57% 0.63%
0.5%
0.0%
Bank
0.60% 0.59% Captive
0.24% 0.23% Credit Union
Finance
0.68% 0.68% Total
0.66% 0.67% Total
8 ? Experian
Experian Public State of the Automotive Finance Market Q1 2019
Source: Experian-Oliver Wyman Market Intelligence Reports
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