LHPH and BHPH Take Market Share in Subprime Market
Trevor Watson | September 8, 2020
Is your LHPH program prepared to capitalize on today’s market conditions?
According to Experian’s State of the Auto Finance Market for Q2, 2020, subprime loan originations fell to record lows as lenders mitigate risk in their portfolios by tightening credit standards in higher risk buckets. This leaves many consumers without traditional financing sources.
It also opens an opportunity for LHPH dealers to drift up the credit spectrum to capture more customers with higher quality than they have over the last decade. You can see the trend is just starting with BHPH gaining 90bps in market share over Q2 2019.
Contact us today to learn more about Lease-Here, Pay-Here and the LHPH Capital funding program.