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NATIONAL AUTOMOTIVE FINANCE ASSOCIATION |
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Exclusively Serving the Below-Prime Auto Financing Industry |
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2011 BELOW-PRIME AUTOMOTIVE FINANCING SURVEY AVAILABLEHanover, Md. (June 20, 2011) --- The National Automotive Finance (NAF) Association's 2011 Below-Prime Automotive Financing Survey has been published. Copies are available in pdf format.The survey, conducted by outside consultant BenchMark Consulting International, presents aggregated data from 28 participants, up from last year. Of those, 70 percent of the financing sources were repeat participants. The companies were divided into small (up to 10,000 accounts), medium (10,001 to 80,000 accounts) and large (more than 80,000 accounts) for accurate comparisons. Among the notable trends are that funding availability issues are diminishing, collection effectiveness continues to deliver benefits, dealer application portals expand capabilities and automated credit decisioning is increasing while conditioned approvals are trending downwards. Tables throughout the survey compare the 2011 data with previous results. An appendix shows question-by-question results --- in aggregated format; no results are attributed to individual participating companies. The survey is distributed at no cost to most NAF Association members and companies that participated. For others, the cost is $400. Go to https://nafassociation.com/order_survey_2011.php to order. The NAF Association is the only trade association exclusively serving the below-prime auto financing industry. |