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Study: A fifth of dealer loans are subprime.

Publication: Automotive News
Publication Date: 14-MAY-07
Format: Online
Delivery: Immediate Online Access
Full Article Title: Study: A fifth of dealer loans are subprime.(Finance & insurance)(J.D. Power and Associates's subprime lending reports)

Article Excerpt
Byline: Donna Harris

Nearly one in five customers who finance or lease new vehicles through franchised dealerships have credit problems, a new study reports.

The Power Information Network's 2007 study of the subprime auto market looks at U.S. consumers with credit scores below 650. Such scores generally range from 300 to 850 with a median score of 723.

David McKay, senior director of auto finance and...

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