Katie Kerwin
Automotive News
September 14, 2015 – 12:01 am ET

Auto finance companies that lend to the riskiest customers remained profitable last year. But their average results dropped 20 percent from the prior year, according to the National Automotive Finance Association’s 2015 Non-Prime Automotive Financing survey.

Two-thirds of the institutions polled reported that their results declined.

Even so, the value of U.S. portfolios of subprime loans on new and used vehicles grew for the fourth consecutive year, the association said.  Read more…