In 2014, U.S. consumers carried the largest amount of auto loan balances ever at $886 billion, according to consumer data firm Experian.
In its Automotive Finance Market report, the firm's automotive division, Experian Automotive, reported while auto loan balances increased in all risk tiers, the proportion of overall, cumulative, auto loan balances held by the lowest risk tiers remained flat or nearly flat.
The numbers of auto loans to subprime borrowers rose 3.84%, according to Experian. The number to deep subprime borrowers rose 5.60%. The combined market share for both categories dropped slightly to 20.31%.
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