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Near and Non-Prime Consumer Trends and Preferences in the Used and New Car Markets | Open Lending 2023

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Manage episode 389437041 series 1456382
Content provided by NAFCU Services. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NAFCU Services or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Welcome back to CU Lab where I, your host Randy, am joined this time by Matt Roe, the Chief Revenue Officer at Open Lending, to delve into the dynamic landscape of near and non-prime consumer trends in the used and new car markets. As we reflect on the challenges and opportunities of the past year, Matt sheds light on Open Lending's commitment to making vehicle ownership more accessible, especially for underserved credit union members. We explore the impact of the Fed's interest rate hikes on near and non-prime consumers, discussing the factors that contributed to a significant decline in used car originations.

  continue reading

100 episodes

Artwork
iconShare
 
Manage episode 389437041 series 1456382
Content provided by NAFCU Services. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NAFCU Services or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Welcome back to CU Lab where I, your host Randy, am joined this time by Matt Roe, the Chief Revenue Officer at Open Lending, to delve into the dynamic landscape of near and non-prime consumer trends in the used and new car markets. As we reflect on the challenges and opportunities of the past year, Matt sheds light on Open Lending's commitment to making vehicle ownership more accessible, especially for underserved credit union members. We explore the impact of the Fed's interest rate hikes on near and non-prime consumers, discussing the factors that contributed to a significant decline in used car originations.

  continue reading

100 episodes

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