Auto Trends

Insight into credit trends and data intelligence for the automotive industry.

Auto lending continues growth trend...

Posted on Feb 27 2014 by
Findings from the most recent Experian State of the Automotive Finance Market report show outstanding automotive loan balances increased 11 percent from Q4 2012, reaching $798.5 billion in Q4 2013 — the highest level since...

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Auto delinquency rates still low but moving upward...

Posted on Feb 07 2014 by
Delinquency rates for auto loans moved up slightly in the last quarter of 2013, with the 30 to 59 days past due (DPD), 60 to 89 DPD and 90 to 180 DPD delinquency rates at 2.18 percent, 0.56 percent and 0.24 percent, respectively....

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Consumers take advantage of lower auto interest rates to tak...

Posted on Dec 15 2013 by
According to Experian’s latest State of the Automotive Finance Market report, interest rates for new auto loans dropped to 4.27 percent — the lowest rate on record. In addition to increasing new vehicle sales, the...

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Delinquency rates remain low in Q2 2013...

Posted on Nov 02 2013 by
Credit unions were the only type of lender to have their 30 day plus delinquency rate fall below 2 percent for several key product categories. The table below provides the delinquency rate by lender and product. 30 day...

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Auto financing continues steady growth...

Posted on Sep 22 2013 by
According to Experian’s latest State of the Automotive Finance Market report, a record 84.5% of consumers who acquired a new vehicle in Q2 2013 used either a loan or a lease to fund the purchase - up from 82.5% in Q2 2012....

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Auto lending market remains strong...

Posted on Aug 25 2013 by
According to the Q2 2013 Experian Automotive State of the Automotive Finance Market report, vehicle repossessions reached their lowest rate in seven years, with only 0.36 percent of all vehicle loans reaching repossession. This...

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Hybrid buyers care for the environment and their credit...

Posted on May 05 2013 by
A recent analysis by Experian Automotive found that, overall, consumers purchasing a hybrid have significantly higher credit scores than those purchasing another type of new vehicle. The average credit score for a loan on a new...

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Consumers are taking on longer automotive loans...

Posted on Apr 21 2013 by
Findings from Experian's latest State of the Automotive Finance Market analysis showed the average loan term for a new vehicle jumped to an all-time high of 65 months in Q4 2012, up from 63 months in Q4 2011. More consumers also...

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Auto lending still healthy despite increase...

Posted on Mar 10 2013 by
Experian Automotive's Q4 2012 credit trends analysis found that 60-day delinquencies rose from 0.72 percent in Q4 2011 to 0.74 percent in Q4 2012. It was the first time in three years that 60-day delinquencies experienced a...

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