All posts by Melinda Zabritski
According to Experian's State of the Automotive Finance Market Report: Q1 2022, SUVs and CUVs made up 60.38% of total vehicle financing, an increase from 58.95% in Q1 2021.
According to Experian’s State of the Automotive Finance Market Report: Q1 2022, credit unions had their highest total share in five years
The State of the Automotive Finance Market: Q4 2021 report broke down alternative fuel financing trends—specifically how electric vehicle (EV) financing doubled year-over-year.
According to Experian’s State of Automotive Finance Market: Q3 2021 report, leasing comprised 24.03% of new vehicle financing in Q3 2021.
In Q3 2021, the average new vehicle loan amount increased 8.5% year-over-year, while the average used vehicle loan jumped more than 20% year-over year.
Despite used vehicle prices rising, loan-to-value (LTVs) ratios are dropping. Ultimately, lower LTVs are a positive trend for consumers because it puts them into positive equity on their vehicle faster.
The automotive finance market is beginning to level out to pre-pandemic trends in Q2 2021.
Expanded FCRA regulated data can help lenders extend more credit, and ensure consumers have access to affordable credit when they need it.
Experian's Q1 2021 State of the Automotive Finance Market report explores the benefits of leveraging both national and regional data when strategizing.
Trends can vary based on location. In the Q1 2021 State of the Automotive Finance Market report, we took a look at market share nationally and regionally.
Experian's Q4 2020 State of the Automotive Finance Market report gives insight into the current state of the leasing market.
The Q4 2020 State of the Automotive Finance Market report zooms in to get a better picture of the alternative fuel marketplace.
Small SUVs became the most financed vehicle segment in Q3 2020, making up 26.01% of all financed vehicles during the quarter.
According to Experian’s Q3 2020 State of the Automotive Finance Market report, 26.20% of all new vehicles are leased compared to 30.27% last year.
While things aren't quite back to normal in Q3 2020, there were a number of positive trends that demonstrates the automotive industry's resilience.