Search Close Menu

Tag Search Result

Experian

Q3 2020 Finance Trends Demonstrate Automotive Industry’s Resilience

As we look at the market in Q3, there were a number of notable statistics that can help lenders identify trends and inform strategy.

Read more

New Experian Report Shows Auto Industry Continued to Rebound in Q3

Despite smaller percentage of financed vehicles, outstanding loan balances grew 2.8% year-over-year to more than $1.2 trillion.

Despite the Initial Impact of COVID-19, the Automotive Industry Shows Positive Signs In Q2 2020

The average loan amount for a new vehicle jumps $4,000; however, the average monthly payment remains steady.

Auto Industry Rebounds, Despite Early COVID-19 Challenges

The more insight lenders have into the current market, the better positioned they will be to present car shoppers with financing options that meet consumers’ unique circumstances.

Delinquency Rates Decrease In Q1 2020; While Affordability Remains Top of Mind

April data sheds light into how the industry was impacted during the early stages of COVID-19.

Q3 Auto Finance: Used Accounts for 55% of Loans

Experian analysts say buyers of pre-owned vehicles accounted for 55.15% of all U.S. auto loan originations in the third quarter, a 2.4% year-over-year increase.

Prime Buyers Flock to Used Vehicles in Q2 Report

Experian’s Q2 auto finance report consumers continue to uncover ways to manage monthly payments. For a record percentage of prime borrowers, that meant passing on a $32,000-plus new-vehicle loan in favor of a pre-owned unit.

Study: Off-Lease Supply Drives Pre-Owned Demand

TransUnion analysts report more consumers in the prime and superprime credit tiers are choosing to buy used as off-lease units continue to flood the market, offering a budget-friendly alternative to increasingly expensive new cars.

Experian: Facing Higher Loan Amounts, Prime Buyers Go Used

More consumers in the prime and superprime credit tiers opted for used vehicles as concerns around affordability grew in the first quarter, according to the latest report from Experian.

Read more

Experian Unveils Tri-Bureau Trended Attributes