Source: Subprimenews.com

SCHAUMBURG, Ill. — Experian Automotive analysis showed auto lenders are increasing loans to credit-challenged customers.

According to its quarterly automotive credit analysis unveiled today, Experian discovered 21.87 percent of all new-vehicle loans during the third quarter went to customers in the non-prime, subprime and deep subprime categories.

Experian indicated the largest percentage of increases were in the two highest-risk segments — deep subprime, which climbed 17.3 percent, and subprime, which spiked 17.8 percent.