In the auto industry, the VantageScore model provides significant predictive performance improvement for account management and originations across the risk distribution.
The VantageScore 4.0 credit scoring model can help drive success for auto lenders with:
More Consistent Consumer Scores Across the Three NCRAs
Consistency of consumer scores remains strong, with nearly 80% of consumer scores falling within 20 points when sourced from two or more NCRAs, and approximately 90% of consumer scores from the three NCRAs falling within a 40-point range.
More Consistent Score Distributions Across the Three NCRAs
In the auto industry, VantageScore 4.0 achieves consistent performance across the three major NCRAs for both originations and management accounts.
To get started, contact your NCRA representative and start using VantageScore 4.0 today.