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Experian data show more consumers are tapping the method, along with refinancings, to afford buying. Meanwhile, subprime borrowers are getting more access.
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Experian report shows other shifts, including banks clawing back market share.
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Growth while luxury segment shrinks points to promise of mass adoption.
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Captives’ market share surges in first quarter as many shoppers switch from used to new vehicles.
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Fraud Protect enables automotive dealers to identify potential fraud risks without slowing down the sales process.
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Prime share continued to dominate in the quarter, Experian data show.
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Average for new and used vehicles decreased in the third quarter.
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Experian reports their financing rate outpaces banks and credit unions.
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Experian data shows Tesla captured six out of 10 EV sales, slowing deliveries of other automakers’ EVs.
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