Tradesight for Auto Lenders (Demo/Sample)

Auto lending is different from other types of lending because it involves a critical factor that other lending types do not: dealerships. To remain competitive, lenders need better visibility into the performance of their dealer network to strengthen relationships with those that have the highest potential.

Tradesight is designed to help automotive lenders do just that: better understand dealer performance and risk, identify potential new dealers, and benchmark against competitors. The solution combines Equifax credit and firmographic data with dealer and vehicle data from third-party sources, delivering market and transaction-level insights that can reveal business opportunities and inform strategies.

The dataset includes more than 80 million individual auto loan tradelines and is based on loans/leases booked within the most recent 48 months. It includes:

• Individual loan performance

• Dealership performance and firmographics

• Vehicle registration data

• Black Book data

Lenders can evaluate dealer performance individually or in aggregate with tradeline-level insight into specific dealer performance indicators, including details such as APR, term, loan vintage, origination score, delinquency, write-offs, prepayment, and loan to value (LTV).

Tradesight offers an easy way to benchmark performance against competitors with visibility into a lender's own booked, approved but not booked, and declined loan/lease data PLUS those loans/leases not presented to their institution*. Lenders can view high-level volume and share trends at 100% market coverage as well as dealer and lender volume by market.

Available as a full file or a subset based on the lender's specific criteria. More than 70 data fields can be easily filtered by lender, dealer, geography, score band, vehicle make, loan vintage, loan or lease specifications, and more.

Subset of Fields Included:

• Date Opened, Date Closed
• Loan Indicator
• VantageScore 3.0
• Inquiry
• Vehicle Type
• Segment
• Manufacturer
• Lender Name, Lender Type
• Dealer Name, Dealer Address
• APR
• Vehicle Value at Origination
• Vehicle Value Current
• Loan to Value Ratio

Example Use Cases:

• Competitive Benchmarking: Understand your market position and identify areas where you can outperform competitors.
• Credit Risk Management: Refine your underwriting criteria and risk assessment models to minimize losses and maximize profitability.
• Market Expansion: Identify and evaluate new market opportunities to expand your reach and grow your business.
• Dealer Relationship Management: Strengthen relationships with high-performing dealers and identify potential risks associated with specific dealerships.
• Sales and Marketing: Support sales and marketing efforts by optimizing dealer relationships and loan offerings to remain competitive and win the market.

*In accordance with DMV privacy laws.