Subprime Lending Rise Good for Dealers

Auto Financing

Automotive News - January 17, 2012

Sub­prime auto lend­ing is on the rise, but the big gains made in 2011 may not be repeat­ed in 2012; there­fore, com­pe­ti­tion among lenders will be heat­ed – good news for those deal­ers will­ing to grab lenders’ atten­tion. “We’re approach­ing where we were in the 2008 pre-reces­sion time peri­od,” said Melin­da Zabrit­s­ki, direc­tor of auto­mo­tive cred­it for Exper­ian Auto­mo­tive, “but we’re not repeat­ing back to where it was.”