Resources

This quarter's report covers vehicle sales volume, interest rates, payment trends, and consumer preferences in the first quarter of 2024. In addition to national data, this research offers findings on regional near- and non-prime automotive lending. 

Open Lending's second annual Lending Enablement Benchmark report explores auto loan delinquency trends and what they mean for financial institutions, opportunities to boost borrower engagement, and more.

Near- and non-prime consumers are at risk of being priced out of the automotive market entirely. Tracking these trends can help automotive lenders position themselves to serve deserving yet overlooked consumers. Access the latest report with data through the end of 2023 here.

Millennials, born between 1980 and 1994, and Gen Zers, born between 1995 and 2010, are more than twice as likely to be thin-file consumers (individuals with two or fewer trade lines) than their older counterparts. Because thin-file consumers lack robust credit histories, they are in a vicious cycle of having difficulty obtaining loans and subsequently [&hell

After a year of volatility, market factors are starting to normalize. Jobs are growing, GDP is strong, and interest rates are holding (for now). But many Americans — particularly those in the near- and non-prime credit segment — still face unaffordable car prices and rates in their pursuit of vehicle ownership. To better understand these [&hellip

How do AI and data analytics increase lender competitiveness? What opportunities are available to serve near- and non-prime borrowers? In Open Lending’s Lending Enablement Benchmark Study, we answer these questions and more.

In 2019, Sound Credit Union, based in Tacoma, Washington, was searching for an auto lending solution that would help them provide better rates to their members while increasing profitability and expanding their portfolio.

After a weeks-long implementation, Open Lending Lenders Protection™ helps Sound Credit Union generate better yield by approving more near-prime loan applications without unnecessary risk or friction.