|The National Automotive Finance Association (NAF Association) and the American Financial Services Association (AFSA) are pleased to announce the availability and launch of the 2016 Non-Prime Automotive Finance Survey.
For 20 years the National Automotive Finance Association has produced a report of the nonprime auto financing market. NAF Association partnered with AFSA for the second year to conduct the broadest survey of the nonprime auto-financing marketplace. Through the combined efforts of both associations, 50 companies contributed to the survey to produce the most comprehensive study of the industry ever compiled.|
“More and more companies are relying on the survey as a benchmarking tool to measure their company’s performance and to identify industry trends. The metrics can also be useful in explaining a company’s policy decisions to regulators. This broad base of contributing finance company data provides an accurate and unbiased view of the industry”, said Jack Tracey, Executive Director of the NAF Association.
Some of the key market trends, performance evaluations, statistical analysis, comparison, and benchmarking included in the survey are:
Market growth - Competition - Market share - Dealerships network - Risk indicators - Credit scores - Payment to income ratios - Average loan rates - Delinquency - Repossession rate - Net charge off rate - Average amount financed - Contract terms - Operating expenses - Profitability
View the Table of Contents of this report.
The 2016 Non-Prime Automotive Financing Survey is available to Associate members of the NAF Association for $250. All others may purchase the survey for $500. To order your copy, please complete the form and click the "Order Survey" button. A printed copy of the survey will be mailed to you.
If you are not a member, it is not too late to receive your discounted copy of the survey by joining the NAF Association now.