Auto Trends

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

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...

Read more ››

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....

Read more ››

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...

Read more ››

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...

Read more ››

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...

Read more ››

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...

Read more ››

Nonprime and subprime auto lending increases while delinquen...

Posted on Dec 16 2012 by
Findings from Experian's latest State of the Automotive Finance Market analysis showed market share for nonprime, subprime and deep subprime automotive loans for new vehicles grew by 13.6 percent and new vehicle leasing increased...

Read more ››

Turkey production grows by 2 percent in 2012 compared with 2...

Posted on Nov 26 2012 by
Six states are the top producers of turkeys: Minnesota at 46 million, North Carolina at 36 million, Arkansas at 29 million, Missouri at 17.5 million, Virginia at 17 million and Indiana at 16.5 million. This accounts for nearly...

Read more ››

One in four auto loans are now nonprime or subprime...

Posted on Sep 16 2012 by
Loans to customers in the nonprime, subprime and deep-subprime credit risk tiers accounted for more than one in four new vehicle loans in Q2 2012. With 25.41 percent of all new vehicle loans opened by customers in the nonprime,...

Read more ››

    Credit Cornerstone Right to Your Inbox

    View Now!

    Latest Tweets