Consumer Report

Monthly U.S. National Consumer Credit Trends Report: April 2021 - Originations

Consumer Report

Monthly U.S. National Consumer Credit Trends Report: April 2021 - Originations

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Weekly U.S. National Consumer Credit Trends Report: April 2021 - Originations

Data as of January 2021- Reported as of March 2021 

April 16th, 2021

Auto Originations Observations

Originations through January 2021 reported as of March 2021: 

 

  • 2.23 million auto loans and leases, totaling $55.3 billion, have been originated year-to-date. This is a 4.6% decrease in accounts and a 3.0% increase in balances over this time last year. *385.9 thousand auto loans and leases have been originated YTD to consumers with a VantageScore® 3.0 credit score below 620. These are generally considered subprime accounts. This is a 16.0% decrease from January 2020. These newly-issued loans have a corresponding total balance of $7.6 billion, a 13.3% decrease year-over-year. 
  • In January, 17.3% of auto loans and leases accounts were issued to consumers with a subprime credit score. This is the lowest January YTD subprime share since 2009. January 2021 saw 13.8% of YTD balance share, which is higher than the same time last year.
  • Read the full report for information on Auto Leases, Auto Loans, Credit Card: Bankcard, Credit Card: Private Label, First Mortgage, Home Equity Lines of Credit, Home Equity Installment Loans, Consumer Finance, Consumer Finance Installment, Consumer Finance Revolving, and Student Loans.

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