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Western Sierra Acceptance Corp., a consumer lender based in Northern California that specializes in automotive financing, and Experian Automotive will provide credit prescreen services to dealers to help them more easily and effectively market to auto finance consumers.
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Experian's director of automotive credit says there were a few signs in the third quarter that automotive finance is on the rebound.
Read More →Despite continued economic struggles, the automotive lending industry in the U.S. showed signs of stabilization during the third quarter 2009, according to a quarterly analysis of automotive credit by Experian Automotive.
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The economic downturn has put more than $25.5 billion in auto loans at risk, but there were some signs of improvement. Experian Automotive’s director of automotive credit gives her take on what continues to be an unpredictable market.
Read More →Automotive loans that are 60 days past due rose by 21.7 percent in the second quarter 2009 compared to the year-ago period, according to Experian Automotive.
Read More →Experian introduced several improvements to ProtectMyID.com, a consumer identity theft detection, protection and fraud resolution product. The compliance solution now offers notification alerts and Internet scans for potential fraudulent use of personal information.
Read More →Subprime and deep subprime outstanding balances have grown 33 percent in the past three years as consumers continue to migrate to lower credit bands, according to the Experian-Oliver Wyman Q2 2009 Market Intelligence Reports.
Read More →The industry shows signs of improvement in July and August, with AmeriCredit reporting a 4Q profit and DealerTrack increasing its number of active finance sources.
Read More →Auto/Mate Dealership Systems struck a partnership with Experian Automotive to provide its dealer clients with Experian’s AutoCheck vehicle reports using AutoCheck FreeLink technology.
Read More →Experian Automotive launched a new prospect acquisition program designed to help OEMs and auto dealers identify and market to consumers eligible for the Consumer Assistance Recycle and Save Act of 2009, or “Cash for Clunkers” as it’s more commonly known.
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