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
Alternative fuel vehicles now represent nearly 16% of new vehicle financing; banks originated more than 55% of new alternative fuel vehicle loans.
February 24, 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
Overall, the data shows encouraging signs for the automotive finance market.
October 12, 2021
Inventory shortages continue to push average loan amounts and monthly payments for used vehicles higher.
August 23, 2021
New Experian services support employers, human resources, corporate tax and payroll professionals while improving experiences for consumers and lenders.
May 25, 2021
Overall, the automotive finance market has remained resilient, despite the pandemic. Staying close to the data will help lenders ensure they have the right options available to fit consumers’ needs and budgets.
April 20, 2021
Incorporating vehicle history reports into the lending decisions can help uncover hidden issues with the vehicle and adjust loan terms accordingly.
March 18, 2021
As we look at the market in Q3, there were a number of notable statistics that can help lenders identify trends and inform strategy.
January 20, 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
April data sheds light into how the industry was impacted during the early stages of COVID-19.
June 9, 2020
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