Auto Loan Delinquencies Fell in Q1
Experian report shows other shifts, including banks clawing back market share.

Banks’ share of auto financing grew year-over-year from 25% to 27%, while captives’ share fell from 31% to 30%.
Pexels/Sora Shimazaki
Auto loan delinquencies stopped growing in the first quarter, according to Experian data.
The period also saw banks regain market share after losing ground to captives following the pandemic.
Thirty-day loan delinquencies held about steady at 2%, as did 60-day delinquencies, at about 1%, Experian reported.
Still, both the new- and used-vehicle average loan amounts rose year-over-year, the new by 3% to $41,720 and the used by $90, or less than 1% to $26,144. The new-vehicle average monthly payment also increased, by 1% to $745, while the used-vehicle payment was essentially flat at $521.
The average interest rate fell slightly for both new- and used-vehicle loans, the former to 6.7%, and the latter to 11.9%.
New-vehicle loans’ share of the quarter’s auto financing grew from 41% to 43%, Experian said.
Banks’ share of auto financing grew from 25% to 27%, while captives’ share fell from 31% to 30%, the data provider and consumer credit reporting agency said. Credit unions’ share was essentially flat at about 21%.
“This shift counters many of the trends we observed in the post-pandemic era, where high interest rates and the re-emergence of new inventory allowed captives to push heavy incentives and capture significant market share,” Experian Head of Automotive Financial Insights Melinda Zabritski said in the quarterly report.
Leasing of new vehicles grew from 24% to 25%, partially driven by electric-vehicle transactions, 60% of which were leases. Overall EV transactions made up almost 10% of new-vehicle sales.
LEARN MORE: Under-Water Auto Loans on the Rise
More Auto Finance

Dealerships Are Paying the Price for Extended Car Loans
Growing negative-equity scenarios mean such lengthy terms should be addressed in a forward-looking way to make them work for the dealer and the consumer down the road.
Read More →
Trade-Ins in Negative Equity Reach New Heights
As such trade-ins rise in frequency, so do monthly loan payment amounts and interest rates, according to second-quarter data compiled by Edmunds.
Read More →
Auto Credit Plentiful
June numbers show lenders are readily granting access, including to risky borrowers, as consumers leverage themselves to take on high prices.
Read More →
Automotive Consumers Sink Further in Debt
Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
Read More →
Porsche Financial Services Shifts Structure
After 36 years with Porsche, the Financial Services Chief Financial Officer Konrad Riedl is retiring, and the department is realigning its management structure.
Read More →
Tariffs Could Raise Insurance Premiums
As U.S. import tariffs affect repair costs, consumers might find it more affordable to replace a damaged vehicle, according to recent Insurify tariff analysis.
Read More →
Smaller Loans, Longer Terms
The youngest generation of car buyers is more likely to finance less expensive vehicles, more than half of generation Z consumers borrowing less than $25,000.
Read More →
New Cars a Tad More Affordable
May averages show that combined circumstances gave auto consumers slightly better buying power for the month, though average prices were up year-over-year.
Read More →
First-Quarter Sees Long Auto Loan Growth
Experian data show more consumers are tapping the method, along with refinancings, to afford buying. Meanwhile, subprime borrowers are getting more access.
Read More →
Mastering Credit Friction
In this video, Josh Krach explains how to turn credit friction into an advantage.
Read More →