New Experian report shows ongoing impact of inventory shortage on automotive finance market, as average vehicle loan amounts and monthly payments continue to rise.
June 7, 2022
In January, Tesla Inc. lead U.S. luxury market sales, lapping segment leader BMW in new vehicle registration, finds Experian data.
March 10, 2022
Tesla’s Model Y could overtake BMW as the top-selling luxury model when its plant opens in Texas.
February 15, 2022
Short supplies of new vehicles drove a dip in consumer loyalty of over 3 percentage points, according to Experian.
December 21, 2021
Despite smaller percentage of financed vehicles, outstanding loan balances grew 2.8% year-over-year to more than $1.2 trillion.
December 3, 2020
The average loan amount for a new vehicle jumps $4,000; however, the average monthly payment remains steady.
September 3, 2020
The more insight lenders have into the current market, the better positioned they will be to present car shoppers with financing options that meet consumers’ unique circumstances.
August 20, 2020
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