Open Lending's 2025 Vehicle Accessibility Report revealed that near- and non-prime consumers are increasingly planning to purchase used vehicles. This trend follows a 56% increase in new vehicle payments, indicating a significant shift in consumer behavior due to market dynamics.
The report highlights how unpredictable market shifts are reshaping vehicle purchasing decisions, particularly for creditworthy individuals in the near- and non-prime segments. These consumers are seeking more accessible and affordable vehicle ownership options.
This market insight aligns with Open Lending's core business, which focuses on enabling financial institutions to serve these underserved borrower segments. The findings suggest a continued demand for the company's specialized lending enablement and risk analytics solutions.
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