As we have seen in prior cycles, as supply returns, vehicle prices are expected to moderate and interest rates are likely to decline, which should lead to improved affordability for the near and non-prime consumer.

Source: https://seekingalpha.com/article/4625715-open-lending-corporation-lpro-q2-2023-earnings-call-transcript?source=feed_all_articles

With that, the Citigroup analysts warned (per ) that “that higher interest rates…cumulative inflation, and the (gradual) return of student loan payments portend that non-prime lending fundamentals could get worse from here.”

Source: https://investorplace.com/2023/10/red-alert-upstart-stock-could-be-a-high-flyer-or-a-deep-diver/