Posted 5 years ago
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
ken@kenshilson.com. Contact us today to get your copy.