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Stock impact report

New and Used Vehicle Markets Stabilizing, According to Open Lending Analysis

Open Lending Corporation - Class A (LPRO) 
Company Research Source: Business Wire
Automotive lending enablement provider releases data on national and regional vehicle registrations in the near- and non-prime market for Q2 2024 AUSTIN, Texas--(BUSINESS WIRE)--Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or the “Company”), an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions, just released a new Near- and Non-Prime Consumer Brief, the latest installment in its quarterly series of data reports on vehicle registrations. The report found that, despite continued challenges in the vehicle market, new vehicle registrations have risen and used vehicle registrations have stabilized in the past year, though supply remains below pre-Covid levels. Limited used vehicle inventory and high interest rates continue to impact buyers, creating pent-up demand among near- and non-prime consumers.Using AutoCreditInsightTM data from Q2 2024, the report offers insight into the opportunity for auto lenders to serve n Show less Read more
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