Key Insights From Our Spring Auto Lending Market Webinar – On-Demand Now 

In our latest webinar, we took a deep dive into the state of auto lending, uncovering the key market trends and challenges shaping the industry right now. With delinquencies at their highest levels since the Great Recession and the daunting growth of synthetic identity fraud, lenders are becoming more cautious, shifting away from near- and non-prime borrowers and tightening their credit decisioning. Despite this, demand remains strong, particularly among near- and non-prime consumers, many of whom plan to re-enter the market within the next 12-24 months, according to our latest research.  

Kevin Filan, Senior Vice President of Marketing at Open Lending, also discussed how financial institutions can overcome these challenges by leveraging alternative credit data, proactively reaching out to potential borrowers, and improving their overall lending processes and decisioning speed to meet consumer expectations. With only 40% of lenders utilizing alternative credit data and just one in 10 consumers receiving an instant loan decision, the challenges may seem overwhelming, but the critical need for a sound auto lending strategy is compelling and achievable. 

If you missed the live session, don’t worry; you can still catch the full discussion on demand. Gain insights from industry experts and get actionable strategies to refine your auto lending approach in today’s shifting market.