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Subprime auto lending rises as lenders loosen standards
Key Takeaways
- Subprime and deep-subprime borrowers accounted for 15.4 percent of fourth-quarter auto loans and leases.
- That was the highest fourth-quarter share for those groups since 2021.
- The trend suggests lenders are loosening standards to support vehicle demand.
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DT Editorial Team··via autonews.com