Tag: credit trends
In March's State of the Economy report, we provide insights into consumer spending, the housing market, originations, and more.
This report provides a snapshot of the top monthly economic and credit data, including inflation, the housing marketing, and card balances.
This report provides a snapshot of the top monthly economic and credit data, including student loans, consumer spending, and delinquencies.
Explore credit card marketing trends and strategies to help you identify, engage, and acquire the right customers.
View our digital lending trends report for a full analysis on origination volume trends, delinquency trends, and consumer behavior insights. Read more!
Join our fireside chat as Experian experts explore economic and market trends, their impact on consumers, and how financial institutions can adapt.
The only thing constant is change. And as 2022 wraps up and businesses and consumers look toward 2023, the need for insights and data is at an all-time high to help forge the path ahead. With recent slowing economic growth, and uncertain macroeconomic and geopolitical climates, leading organizations are turning to credit, market, and economic trends, to help shape and inform future strategies. The challenge? With so many sources of information, it can be overwhelming to determine which information is relevant. Experian Edge, our new thought leadership hub, compiles proprietary Experian data, and economic, credit and market trends in a single, easy-to-consume place. Covering the automotive, financial services, healthcare, retail and small business sectors, Experian Edge helps businesses navigate tomorrow with today’s insights. Featured Publication: 2022 Experian Edge Chartbook The data stories told during 2022 - particularly credit and economic trends - run the full gamut. From economic growth and the labor market, to consumer health and inflation, there is no shortage of insights to glean. The inaugural 2022 Experian Edge Chartbook compiles those key insights giving a comprehensive look at economic and credit trends and what they could mean for 2023. Download 2022 Experian Edge Chartbook Want more insights? Examples of what else you’ll find on Experian Edge include: State of the Automotive Finance Market Report: Exclusive quarterly report on the latest trends and analysis of the U.S. automotive finance market. State of Alternative Credit Data Report: A deep dive into the uses of alternative data in consumer and small business lending. State of Claims: 200 executive healthcare professionals shed light on the current claims environment. Holiday Retail Guide 2022: Learn what types of behaviors you can expect to see from consumers this holiday shopping season. Beyond the Trends Report: Quarterly insights and commentary on economic conditions and future small business performance. Visit and bookmark Experian Edge for the latest intel you need to propel your business forward. Visit Experian Edge
According to Experian’s State of the Automotive Finance Market Report: Q2 2022, the average new vehicle interest loan rate for consumers with a credit score between 501 and 600, also referred to as subprime, was 9.75%—compared to prime consumers with a credit score between 661 and 780, who had an average new vehicle interest loan rate of 4.03% this quarter.
According to Experian’s State of Automotive Finance Market: Q3 2021 report, leasing comprised 24.03% of new vehicle financing in Q3 2021.
In Q3 2021, the average new vehicle loan amount increased 8.5% year-over-year, while the average used vehicle loan jumped more than 20% year-over year.
Generation Z has money on their minds, and as their appetite for personal finance grows, financial institutions better be ready.
Consumers continue to manage credit well and the average credit score climbed seven points since 2020 to 695, the highest point in more than 13 years.
Experian experts provide insight on how utility providers can evolve amidst COVID-19 and refine their collections and recovery processes.
If you're looking for a competitive edge in 2020, Vision is your ticket into differentiating your organization with the latest insights and innovation.
According to research, only 15% of American consumers have swapped out their go-to credit card in the past year. Here's how to keep your card top of mind.