Dec 13, 2022
In Open Lending’s 2023 U.S. Vehicle Accessibility report, we answer these questions and more. Our report sheds light on the vehicle affordability crisis and how climbing car prices are creating barriers that impact Americans’ perceptions of auto loan accessibility. We also reveal how lenders can better reach non-vehicle owners while limiting risk and driving profitability. We found lenders play a key role in empowering vehicle access across underserved segments of the population while building customer loyalty and lifetime value by extending loan opportunities to near and non-prime borrowers.
Check out the report to learn how financial institutions can safely serve more borrowers.
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