Industry Analysis & Industry Trends
The Subprime Auto Loans industry is rebounding strongly from effects of the recession, but performance still remains below prerecessionary levels. New car sales, improving consumer finances and continued strong demand growth from subprime borrowers and investors are forecast to spur industry growth over the next five years. However, faster growth will be restrained by rising interest rates that will raise borrowing costs and slow vehicles sales.... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Subprime Auto Loans industry exhibits a low level of market share concentration, with the top four players accounting for about 21.3% of total industry revenue. Due to the recent financial turmoil, concentration increased slightly. Unable to access the frozen credit markets due to tightened credit standards, many smaller firms went under. Nevertheless, as demand for subprime auto loans rebounds from recessionary lows, internal competition is anticipated to intensify.
Over the next five years, strong demand for vehicles and improving industry profitability will attract new entrants... purchase to read more