Automotive financing reaches new highs

According to the latest State of the Automotive Finance Market report, a record 55.5% of all used vehicles were financed in Q2 2015, compared to 53.8% the previous year. The percentage of new vehicles financed also reached a high point of 85.8% compared with 85% a year earlier.

As auto lending continues its growth trend, lenders can design profitable strategies by using advanced analytics to target the right customers with the right offer at the right time.

>>The Market Intelligence Brief: Access the latest consumer credit trends