Tag: State of the Automotive finance market quarterly briefing

If there is one word to describe the automotive finance market in Q4 2019, it’s stable. By nearly every measure, the automotive finance market continued to move along at a good pace.

According to Experian’s Q3 2019 State of the Automotive Finance Market report, used vehicle financing increased across all credit tiers.

The average new vehicle loan hit $32,119 in Q2 2019. Average used vehicle loan amounts reached $20,156 in Q2 2019.

Increase in delinquent loans has led to a discussion about the auto finance industry's stability. But it’s important to put these trends into context.

Findings from the Q3 State of the Automotive Finance report show that Subprime originations hit the lowest overall share of the market seen in 11 years.

With the cost of new vehicles continuing to increase, consumers are opting for longer loan terms.