Credit cards and car loans are often the first steps to build a strong credit report, and owning a vehicle is closely tied to a better quality of life. However, vehicle ownership is getting further out of reach for consumers with below-prime credit scores. High retail prices and the rising cost of owning a car due to recent increases in auto insurance, coupled with high interest rates, have isolated near- and non-prime consumers from the used and new car markets. Open Lending’s latest Near- and Non-Prime Market Report includes recent data on near- and non-prime consumers' vehicle preferences and lending habits to guide effective loan decisioning processes.
What you can expect to take away from this webinar:
- Learn more about the latest Near- and Non-Prime Market Report
- Understand how more on the impact of high retail prices and the rising cost of owning a car
- Discover how to make more informed lending decisions, manage risk, and remain competitive in an increasingly crowded market
Speakers:
Join Kevin Filan, Senior Vice President of Marketing at Open Lending, and Matt Roe, Chief Revenue Officer at Open Lending, for a discussion on report findings and insights that enable automotive lenders to make more informed lending decisions, manage risk, and remain competitive in an increasingly crowded market.
