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
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.