According to the latest Experian State of the Automotive Finance Market report, leases accounted for nearly 27% of all new vehicle transactions in Q3 2015, up from 24.7% the previous year and the highest percentage on record.
Another noticeable shift was the resurgence of captive lenders, the lending companies owned by vehicle manufacturers. Captive lenders financed 51.6% of new vehicle loans during this last quarter — the largest market share since the recession and a significant increase over the 36.8% financed in Q3 2011.
As auto lending continues to grow, lenders can design more effective strategies by using market intelligence tools to gain insight into the latest consumer credit trends.
