Consumers choosing longer automotive loans...

Posted on Sep 04 2015 by
According to the latest State of the Automotive Finance Market...

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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...

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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 — an increase of 11.3% from a year ago. Additionally, both...

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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...

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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. Vehicles predating the 2001 model year...

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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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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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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,...

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Auto loan volumes rise as delinquencies continue to decline...

Posted on Aug 19 2012 by
Total balances of automotive loan portfolios rose for all types of lending organizations in Q2 2012, reaching $682 billion, compared with $646 billion in Q2 2011. Despite this strong growth, overall loan balances still lag behind...

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