Auto

Auto-loan delinquencies stay on track

Posted on Aug 20 2015 by

While auto delinquencies declined slightly year over year (3.01% for accounts 30 days past due or greater in Q2 2015 versus 3.03% a year earlier), it is interesting to note the variance in delinquency by lender channel.

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Auto loan balances continue to set new records

Posted on Jun 01 2015 by

According to Experian’s latest State of the Automotive Finance Market report, auto loan balances reached an all-time high of $905 billion in the first quarter of 2015.

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More drivers using green to go Green

Posted on May 26 2015 by

A recent Experian Automotive analysis found that consumers who purchased an alternative-powered vehicle did not just go Green by cutting back on fuel; they also used more green (cash) to purchase it.

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Making a great first impression

Posted on May 01 2015 by

According to a recent Experian Marketing Services study, informational or “thanks for joining” messages drive significantly higher open and transaction rates than promotional emails, as well as higher revenue per email.

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Credit unions tailgate captive auto lenders

Posted on Oct 02 2014 by

Auto loan originations reached $153 billion in Q2 2014, which was a 16 percent increase over the same quarter last year. While the largest contribution came from captive auto lenders at $47 billion (a 14 percent increase), credit unions experienced the largest year-over-year increase of 35 percent, with originations reaching $37 billion in the latest […]

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Older-model vehicles at highest percentage on record

Posted on Jul 18 2014 by

While automotive loan originations grew 15 percent year over year in Q1 2014, a recent Experian Automotive study found that more consumers are continuing to drive older-model vehicles.

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More consumers are opting for longer loan terms

Posted on Jun 12 2014 by

With the cost of new vehicles continuing to increase, consumers are opting for longer loan terms.

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Automotive delinquencies increase in twenty-two states

Posted on Jun 02 2014 by

Although 60-day automotive loan delinquencies fell 1.7 percent at a national level when comparing Q1 2014 to Q1 2013, twenty-two states actually experienced a delinquency increase.

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Financing becomes more available for nonprime credit tiers

Posted on Apr 07 2014 by

Auto financing became easier to obtain in Q4 2013 and the market share for new vehicle loans in the nonprime, subprime and deep-subprime credit tiers increased slightly to 34.1 percent of all new loans, up from 32.8 percent in Q4 2012.

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Leasing grows in popularity as lenders ease credit standards

Posted on Mar 20 2014 by

The most recent Experian State of the Automotive Finance Market report shows more consumers are leasing vehicles. Leases accounted for 28.4 percent of all new vehicles financed in Q4
2013 – the highest level on record since 2006.

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