Marketing & Acquisition

Pre COVID-19, operations functions for retailers and banks had not consisted of a remote workforce. Now retail and banking have changed for good.

Listen in as experts discuss the latest research and insights and how businesses can shape their fraud prevention plan in the short term.

Account management is a critical strategy during any type of economy (pro-cycle, counter-cycle, cycle neutral), but especially now.

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.

We’ve entered a new era of loss forecasting. Previously built models are no longer sufficient for the changes in economic conditions due to COVID-19.

COVID-19 and the rush to transition to a remote lifestyle made it clear that many businesses need a refreshed fraud prevention strategy.

The housing sector, in particular, looks poised to regain momentum and perhaps lead the path towards stabilization in the second half of 2020.

COVID-19 has had far-reaching economic consequences. When it comes to your consumers' finances, are you seeing the full picture?

Many marketing budgets were already small prior to the global pandemic, so coming out of it, to say every marketing dollar counts is an understatement.

Including vehicle history reports in online vehicle listings create a more complete picture of the vehicle a consumer is looking at online.

The economic impact of the COVID-19 health crisis is ever-evolving and requires great flexibility and planning from lenders.

Some segments of the financial markets are beginning to bet that the Federal Reserve will take interest rates negative for the first time in U.S. history.

Here's a brief FCRA-related compliance overview to refresh your memory on various FCRA requirements when requesting and using consumer credit reports.

To get a better picture of labor market health in the coming months, there are three components reported in BLS's employment release that require attention.

Amid the fallout of COVID-19, I often find myself thinking about the impact the pandemic has had and will have on businesses in the coming months—particularly those within the automotive industry. The impact has reached all facets of the industry, leaving dealerships to take unprecedented action. Some have temporarily closed, while many have shifted business priorities to focus on maintenance and repair. Like everyone, we in the automotive industry are concerned about the health and safety of our family, friends and communities.  Much like the rest of small business owners, those that oversee dealerships are also concerned about the wellbeing of their work families. The automotive industry is a pillar of our economy, and dealerships are staples within our local communities. Experian has an unwavering commitment to help the industry navigate these uncertain times and address challenges as they arise. The pandemic has impacted groups of people differently and at different times. It’s important for those within the automotive industry to understand how consumer sentiment and priorities will shift over the coming months, in order to address their most pressing needs. As such, Experian launched a daily survey of the general population to gain insight into shifting consumer sentiment as a result of the pandemic. The survey reveals how consumers are dealing with the outbreak across key industries, including automotive. As of May 4, 2020, only 20 percent of Americans plan on buying a new car, truck, van or motorcycle within the next few months, and of those, only 50 percent plan to continue the purchase as planned. 26 percent plan to delay the purchase a few months. While car shopping may not be a priority for most in the coming months, there are consumers who will need to replace their vehicle sooner rather than later—perhaps their lease is set to expire, or they’ve experienced car trouble. In these instances, it’s important for dealers to be able to connect with these consumers to help them understand the options available to them. With this urgency in mind, Experian is providing dealers with complimentary access to nationwide and local automotive market trends. The information will be updated weekly to help dealers gain insight into current sales trends and website traffic, better understand in-market car shoppers and identify the most effective communications channels. For instance, during the week of April 27, dealer website traffic was down 11 percent from the same time last year. That said, web site traffic has picked back up over the past few weeks.. With the short- and long-term impacts of the pandemic largely unknown, dealerships must adapt quickly. Consumers' vehicle needs will shift based on circumstance, and it’s important for dealers to continually assess the market. We are all adapting to our new environment, and will need to collaborate to find ways to combat the fallout—it’s a difficult time for many, including dealers. The automotive market will recover, and Experian is committed to helping the automotive industry navigate the recovery and ensure car shoppers can find vehicles that meet their needs. To view the Automotive Trends & Marketing Insights and sign up to receive your complimentary local market trends, click here. To view the Consumer Sentiment Index, click here.