Subprime/non-prime auto loan securitization is on the rise but a study by Transunion says that the outstanding volume for these loans is still below the pre-crisis level.

Non-prime auto loans, which are defined as borrowers with below 700 Vantage Score, made up 30% of all auto loans in Q3 2013. This is below the Q3 high observed in 2008, when 34.6% of non-prime borrowers comprised all auto loans.

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