REDWOOD CITY, Calif. -

With auto lending increasing to subprime customers, the latest RDN Monthly Analytics Update showed October recovery volumes increased 7 percentage points from September levels, marking the second consecutive month-over-month jump.

Furthermore, the October reading came in 5 points above year-ago levels.

RDN indicated October recovery orders ticked 1 percentage point from the previous month but  increased 5 percentage points year-over-year.

The RDN Recovery Market Trend Summary — a rolling comparison of new- and used-vehicle buyer’s FICO scores against the percentage volume of recovered vehicles relative to the volume of vehicle sales financed — showed the volume of recoveries relative to retail new- and used-vehicles financed increased during October versus the prior month.

Recovery volumes as a percentage of sales financed ended at a 37 index level in October, which represents an 8 percentage point increase from the prior month and a 2 percentage point increase versus the prior year.

RDN went on to mention that among the top 20 largest cities with the highest recovery volumes, Chicago experienced the highest actual volume increase during October, while San Jose, Calif., experienced the highest relative volume increase.

Finally, officials pointed out Texas led the nation with the highest volume of involuntary recoveries at 12 percent of the nation’s total for October, a little less than 7,700 units. They added that Texas, Florida and California constituted 30 percent of all recoveries nationwide for the month.

The Sunshine State also paced the country with the highest volume of voluntary recoveries at a little less than 1,450 units recovered during October.