All posts by Melinda Zabritski
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.
Consumers are taking advantage of new car incentives, low interest rates and longer-term loans in order to ensure that their vehicle purchase is manageable.
As subprime originations decrease, some think that subprime consumers are being locked out of the automotive finance market, but that’s not the whole story.
The early assessment for the automotive industry is that despite significant challenges at the onset of the pandemic, the industry continues to rebound.
Origination data from April and May provide some insight into the more immediate effects of the pandemic on the automotive industry.
The automotive industry is in the midst of weathering an unexpected storm due to COVID-19. Here's what the Q1 2020 delinquency rates tell us. Read more.
If there is one word to describe the automotive finance market in Q4 2019, it’s stable. By nearly every measure, the automotive finance market continued to move along at a good pace.
According to Experian’s Q3 2019 State of the Automotive Finance Market report, used vehicle financing increased across all credit tiers.
As Average Auto Loan Amounts Continue to Increase, Consumers Look to Manage Monthly Payments
AutomotiveThe average new vehicle loan hit $32,119 in Q2 2019. Average used vehicle loan amounts reached $20,156 in Q2 2019.
Vehicle affordability is a hot topic in the auto industry and it hasn't gone unnoticed by consumers as data shows vehicle pricing continues to increase.
Increase in delinquent loans has led to a discussion about the auto finance industry's stability. But it’s important to put these trends into context.
Findings from the Q3 State of the Automotive Finance report show that Subprime originations hit the lowest overall share of the market seen in 11 years.
Despite consumers taking out larger loan amounts, they continue to make their monthly payments on time. But, affordability remains a