As of the second quarter of 2023, over half of the open automotive 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 and 19 percent.
Distribution of automotive loan originations in the United States from 2016 to 2023, by risk segment
Characteristic
Deep subprime
Subprime
Nonprime
Prime
Super prime
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Experian. (August 18, 2023). Distribution of automotive loan originations in the United States from 2016 to 2023, by risk segment [Graph]. In Statista. Retrieved July 27, 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 2016 to 2023, by risk segment." Chart. August 18, 2023. Statista. Accessed July 27, 2024. https://www.statista.com/statistics/453413/distribution-of-open-automotive-loans-usa-by-risk-segment/
Experian. (2023). Distribution of automotive loan originations in the United States from 2016 to 2023, by risk segment. Statista. Statista Inc.. Accessed: July 27, 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 2016 to 2023, by Risk Segment." Statista, Statista Inc., 18 Aug 2023, 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 2016 to 2023, by risk segment Statista, https://www.statista.com/statistics/453413/distribution-of-open-automotive-loans-usa-by-risk-segment/ (last visited July 27, 2024)
Distribution of automotive loan originations in the United States from 2016 to 2023, by risk segment [Graph], Experian, August 18, 2023. [Online]. Available: https://www.statista.com/statistics/453413/distribution-of-open-automotive-loans-usa-by-risk-segment/