Auto financing continues steady growth

September 22, 2013 by admin

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. Leases accounted for an all-time high of 27.6% of new vehicles financed during the second quarter, up from 24.4% in Q2 2012.

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Source: Experian Automotive report shows consumers are relying on automotive financing more than ever before