American Financial Services Association

AFSA, NAF Study Show’s Fifth Straight Year of Growth in Non-Prime Auto Space

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AFSA, NAF Study Show’s Fifth Straight Year of Growth in Non-Prime Auto Space

The non-prime automotive financing sector experienced the fifth consecutive year of market growth in 2015, according to the 2016 Non-Prime Automotive Financing Survey. Co-sponsored by the National Automotive Finance (NAF) Association and American Financial Services Association (AFSA), the survey is a benchmarking tool to identify trends and guide policy decisions.

This year’s survey studied 50 finances sources representing 2.1 million active accounts with an aggregate outstanding principal of $21 billion.

Some key findings from the 2015 survey include:

  • Fifth consecutive year of market growth: 70% of Survey Participants experienced a year-over-year increase in portfolio value. 67% of participants experienced an increase in account volume.
  • Mixed Risk Indicators: Several indicators showed a trend towards improved quality including higher credit scores for new and used, decreases in payment-to-income, decreases in average annual net charge-off, and stable cost of funds.
  • Credit scores improve – YOY increase: Average consumer credit scores increased across the board.

The survey features a wealth of actionable information for finance company executives.

Benchmark Consulting International administered the survey and provided the report analysis. Participating finance sources responded to survey questions covering topics such as originations, servicing, and loss mitigation operations. Contributing to the report are TransUnion and FactorTrust both providing additional market insight by supplying data and analysis on non-prime auto financing.

The survey results are provided complimentary to all survey participants. Others may purchase the survey. To purchase, contact Diane Merino at the National Automotive Finance Association at (717) 676-1533 or email

July 27th, 2016 by