Investor Presentaiton
Auto Portfolio
•
Highlights:
Auto balances increased during the pandemic, but
growth has moderated during recent quarters
⚫ Delinquency has been gradually increasing, but
remains below pre-pandemic at Q3 2023
NCOs at levels significantly below pre-pandemic
The FICO mix of originations has remained robust,
with weighted-average FICO scores of
approximately 730
Current year originations were approximately
65%/35% split between new/used auto loans
FICO Mix of Originations
(% of Approved Amount)
Delinquency
($ in millions)
Avg. 2011-2019
6.17%
9/30/2023
4.20%
$3,377
$3,412
$3,430
$3,490
$3,529
$3,513
$3,518
$3,566
$3,633
$2,918
4.6%
2.8%
2.8%
2.6%
2.4%
4.2%
3.6%
3.7%
3.7%
3.2%
$135
$81
$97
$90
$98
$128
$129
$113
$131
$153
Q419
Q3 21
Q4 21
Q1 22
Q2 22
Q3 22
Q4 22
Q1 23
Q2 23
Q3 23
715
719
719
723
720
721
729
732
730
4%
3%
4%
6%
100%
7%
6%
5%
7%
7%
700
2.44%
7%
6%
4%
9%
7%
7%
3%
4%
9%
600
$18
80%
30%
26%
30%
24%
24%
500
29%
27%
26%
26%
60%
Portfolio
30+ DPD
30+ DPD/Portfolio
NCOs and NCO-to-Loan Ratio
($ in millions)
Avg. 2011-2019
1.88%
YTD
0.73%
400
$11
300
40%
$10
1.08%
65%
66%
65%
58%
60%
60%
60%
58%
61%
$7
200
$7
20%
$5
100
$2
$2
0%
0
$0
2015
2016
2017
2018
2019
2020
2021
2022
2023 Sep
Q419
Q3 21
Q4 21
Q1 22
Q2 22
Q3 22
Q4 22
Q1 23
Q2 23
Q3 23
YTD
1 700+
625-699
<625
No FICO
-WA FICO
Auto Loans NCOs
NCO %
Differences due to rounding
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