Origination Estimates through September 13, 2020 reported as of September 15, 2020

Auto: Total *Origination data subject to revision due to reporting lags. All data presented here are estimates.

• 14,100 auto loans and leases, totaling $401.8 million, have been originated the week ending September 13th.
• 1,400 auto loans and leases have been originated the week ending September 13th to consumers with a VantageScore® 3.0 credit score below 620. These are generally considered subprime accounts. These newly-issued loans have a corresponding total balance of $41.5 million.
• In the week ending September 13th, 9.8% of auto loans and leases were issued to consumers with a subprime VantageScore® 3.0 credit score. These subprime accounts totaled 10.3% of balances of all auto loan and leases.
• 1,200 auto loans and leases have been originated the week ending September 13th to consumers with a FICO® Auto 8 credit score below 620. These are generally considered subprime accounts. These newly-issued loans have a corresponding total balance of $36.5 million.
• In the week ending September 13th, 8.6% of auto loans and leases were issued to consumers with a FICO® Auto 8 credit score subprime credit score. These subprime accounts totaled 9.1% of balances of all auto loan and leases.
• The average origination balance for all auto loans and leases issued in the week of September 13th was $28,408. The average subprime auto loan and lease amount was $29,924.

Auto Lease Originations Observations

Originations Estimates through September 13, 2020 reported as of September 15, 2020

Auto: Lease

• 5,400 auto leases, totaling $81.4 million, have been originated the week ending September 13th.
• Auto leases accounted for 38.3% of all auto accounts and 20.3% of all auto balances in the week ending September 13th.
• Approximately 400 auto leases have been originated in the week ending September 13th to consumers with a VantageScore® 3.0 credit score below 620. These are generally considered subprime accounts. These newly-issued leases have a corresponding total balance of $5.7 million.
• In the week ending September 13th, 6.6% of auto lease accounts and 7.0% of total balances were issued to consumers with a VantageScore® 3.0 subprime credit score.
• Approximately 300 auto leases have been originated in the week ending September 13th to consumers with a FICO® Auto 8 credit score below 620. These are generally considered subprime accounts. These newly-issued leases have a corresponding total balance of $4.2 million.
• In the week ending September 13th, 5.0% of auto lease accounts and 5.2% of total balances were issued to consumers with a FICO® Auto 8 subprime credit score.
• The average origination balance for all auto leases issued in the week ending September 13th was $15,028. The average subprime lease amount was $15,974.