As of the second quarter of 2024, over two thirds of the open car loans in the United States were prime or super prime loans. Subprime and nonprime had each a similar market share of the new car loan originations in the country, which ranged between 14.5 and 16.6 percent.
Distribution of automotive loan originations in the United States from 2019 to 2024, by risk segment
Characteristic
Deep subprime
Subprime
Nonprime
Prime
Super prime
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Experian. (August 18, 2024). Distribution of automotive loan originations in the United States from 2019 to 2024, by risk segment [Graph]. In Statista. Retrieved September 18, 2024, from https://www.statista.com/statistics/453413/distribution-of-open-automotive-loans-usa-by-risk-segment/
Experian. "Distribution of automotive loan originations in the United States from 2019 to 2024, by risk segment." Chart. August 18, 2024. Statista. Accessed September 18, 2024. https://www.statista.com/statistics/453413/distribution-of-open-automotive-loans-usa-by-risk-segment/
Experian. (2024). Distribution of automotive loan originations in the United States from 2019 to 2024, by risk segment. Statista. Statista Inc.. Accessed: September 18, 2024. https://www.statista.com/statistics/453413/distribution-of-open-automotive-loans-usa-by-risk-segment/
Experian. "Distribution of Automotive Loan Originations in The United States from 2019 to 2024, by Risk Segment." Statista, Statista Inc., 18 Aug 2024, https://www.statista.com/statistics/453413/distribution-of-open-automotive-loans-usa-by-risk-segment/
Experian, Distribution of automotive loan originations in the United States from 2019 to 2024, by risk segment Statista, https://www.statista.com/statistics/453413/distribution-of-open-automotive-loans-usa-by-risk-segment/ (last visited September 18, 2024)
Distribution of automotive loan originations in the United States from 2019 to 2024, by risk segment [Graph], Experian, August 18, 2024. [Online]. Available: https://www.statista.com/statistics/453413/distribution-of-open-automotive-loans-usa-by-risk-segment/