Tag: auto report

Experian's Q1 2021 State of the Automotive Finance Market report explores the benefits of leveraging both national and regional data when strategizing.

The early assessment for the automotive industry is that despite significant challenges at the onset of the pandemic, the industry continues to rebound.

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.