HOUSTON, TEXAS - For 2017, The National Alliance of Buy Here, Pay Here Dealers (“NABD”) and Subprime Analytics, with the approval and participation of the National Independent Automobile Dealers Association (NIADA), prepared Subprime auto industry benchmarks from a database of dealer/operators nationwide. The financial benchmarks which are included were prepared and contributed by SGC Certified Public Accountants (“SGC”). The financial information they used represents a composite of the “best performing” operators and not an average of the entire industry. These benchmarks also include operating information on sales, collections and recoveries, and inventory management, supplied by NCM and NIADA 20 Groups from composites of their BHPH members. Also included are portfolio performance metrics which were compiled electronically by Subprime Analytics (“Subprime”) which, to date, has analyzed approximately $20 billion (nearly 2.0 million deals) of subprime installment contracts to identify loss rates, patterns, and trends. In the aggregate, these statistics provide a comprehensive look at the financial and operating performance of the Subprime industry, and important trend information.
Effective January 1, 2018 NIADA purchased the assets and operations of NABD and merged the two organizations. Subprime Analytics has contracted to provide analytical services, including periodic benchmark data, to NIADA in the future, to support important legal and regulatory positions for the used car industry. On June 18-21, NIADA and NABD will hold a combined used car conference in Orlando at Rosen Shingle Creek Resort, where Ken Shilson, President and Founder of NABD and Subprime Analytics, will discuss these benchmarks and trends to help operators understand the changing auto finance market.
For a copy of the latest Benchmarks Report, or to register for the Orlando conference June 18-21, 2018, call 832-767-4759 or email your request to email@example.com. Contact us today to get your copy.