Open Lending Blog | Auto Lending Trends (3)

Apr 27
1 min

3 Ways to Reach Nonprime Borrowers and Improve Interest Income

Car buying in the United States is slowly picking back up, but the kinds of buyers looking to get a car have changed over the past year. Fewer people...

Apr 14
1 min

Watch Your Lending: Low Interest Rates Ahead …Still

Spring is here, and the U.S. economy is very slowly beginning to move in the right direction. Interest rates in most areas of lending are likely to...

Apr 6
1 min

Marketing Auto Loans In 2021

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Mar 10
1 min

Nonprime Auto Lending in 2021

The early months of 2020 for the automotive industry were, in a word, difficult. The coronavirus pandemic slowed car sales and auto loan growth, but...

Feb 23
1 min

How 3 Financial Institutions Boosted Auto Loan Margins in 2020

Banks and credit unions in 2020 faced many challenges, but by the third quarter, lending portfolios overall showed signs of recovery. However, a few...

Jan 11
1 min

New Auto Lending Trends For The New Year

We are only days into this new year of 2021 and already we’re seeing some notable trends beginning to emerge in the auto lending industry. Some of...

Jan 8
1 min

Auto Lending Expected to Increase, Countering Tight Interest Margins

Many people and businesses struggled with their finances when the coronavirus upended life as we know it. Credit unions, especially small ones, are...

Dec 15
2 min

2021: What to Expect from Auto Lending and Open Lending

This year has been one to be recorded in history books for many of the wrong reasons. Like many other industries, auto lending has...

Nov 12
1 min

Indirect Lending: Changes In 2020 And Beyond

The automotive industry as a whole has had to adapt its business model this year. Like nearly everything else in our everyday lives, the coronavirus...

Nov 4
1 min

Open Lending Can Add Certainty as Auto Loans Rebound

The coronavirus pandemic has made things interesting for the automotive industry. Like many other businesses, car dealerships and auto lending took a...