Auto Finance News launches 2 new data sets

Auto Finance News is pleased to launch new datasets that track auto loan rejection rates and used-vehicle wholesale prices in an expanded effort to bring valuable intelligence to the auto finance industry.  

Rejection rates 

The Federal Reserve Bank of New York’s Survey of Consumer Expectations Credit Access provides auto loan rejection data based on a nationally representative, internet-based rotating panel of approximately 1,300 household heads. 

Access auto loan rejection data here 

This data provides insights into how many auto loans are rejected, as well as consumer expectations on whether they will be approved for auto financing.  

Respondents are asked whether they have applied for auto loan credit over the past 12 months, and whether their application was rejected.  

Respondents are also asked about the probability that they will apply for an auto loan in the next 12 months. Those indicating they are likely to apply are asked their perceived chance, on a scale of 0% to 100%, that their application will be rejected.  

Used-vehicle values 

The Exponential Used Vehicle Index is a composite index that uses advanced machine learning algorithms to measure the wholesale price level of the used, light-duty vehicle fleet in operation, and inventory awaiting sale, at various wholesale and retail locations in the United States. 

The data provides a comprehensive view of how used-vehicle wholesale values have trended dating back to January 2000.  

Access Used Vehicle Values Index here 

In addition to these new datasets, Auto Finance News provides data on outstanding auto loans, interest rates for auto loans, credit demand and availability at banks, auto securitizations, market share trends, and real-time updates for automotive, finance and powersports stocks. Access all the data here. 

Auto Finance Summit, the premier industry event for auto lending and leasing, returns October 29-31 at the Bellagio Las Vegas and features a fireside chat with Ford Credit. To learn more about the 2023 event and register, visit autofinance.live/afs/.