The climate has improved so much for subprime auto lenders that Kyle Birch of AmeriCredit Corp. says he has begun to worry that market conditions could attract more startups in subprime.
Birch is executive vice president for dealer services at AmeriCredit, a leading subprime auto lender based in Fort Worth, Texas.
"As capital becomes more accessible and more reasonable, there's a high likelihood there could be a couple of big startups," Birch said. "There are a lot of customers, and there are a lot of companies out there with funds."