The Auto Industry & VantageScore
The VantageScore Value
Superior accuracy when predicting repayment risk
Patented characteristic-leveling technology irons out inconsistencies in scores obtained from different credit bureaus
Advanced model design accurately assesses approximately 37 million more potential customers who were previously “unscoreable” with traditional models
Auto Industry Performance
Specific to the auto industry, the VantageScore 4.0 model provides a 6.3% performance improvement in account management and 2.5% lift in originations over a benchmark CRC credit score model.
More Consistent Consumer Scores Across the Three CRCs
Consistency of consumer scores remains strong, with nearly 80% of consumer scores falling within 20 points when sourced from two or more CRCs, and approximately 90% of consumer scores from the three CRCs falling within a 40-point range.
More Consistent Score Distributions Across the Three CRCs
In the auto industry, VantageScore 4.0 achieves consistent performance across the three major CRCs for both originations and management accounts.