Fraud Protect enables automotive dealers to identify potential fraud risks without slowing down the sales process.
Prime share continued to dominate in the quarter, Experian data show.
Average for new and used vehicles decreased in the third quarter.
Experian reports their financing rate outpaces banks and credit unions.
Experian data shows Tesla captured six out of 10 EV sales, slowing deliveries of other automakers’ EVs.
The lenders lost over one point of new-car loan and lease market share in 2022, finds Experian.
Q1 numbers show they’re trying new tacks to combat the effect of high interest rates, still-high vehicle prices.
Consumers financed more than 91,000 used electric vehicles (EVs) in 2022, up 45% from 2021, according to Experian data.
New Experian report finds average loan terms extend for new and used vehicle loans as interest rates rise.
As used originations increase, credit unions reach nearly 26% total vehicle financing market share, the highest volume in five years.
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