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Consumers Find Ways to Cut Car-Purchase Costs

Q1 numbers show they’re trying new tacks to combat the effect of high interest rates, still-high vehicle prices.

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Experian Releases Used EV Finance Data

Consumers financed more than 91,000 used electric vehicles (EVs) in 2022, up 45% from 2021, according to Experian data.

State of the Automotive Finance Market: Q3 2022

New Experian report finds average loan terms extend for new and used vehicle loans as interest rates rise.

Consumers Shifting Back to Used Vehicles as Inventory Shortages Continue

As used originations increase, credit unions reach nearly 26% total vehicle financing market share, the highest volume in five years.

EV Competition Heats Up

Tesla faces new competition as new electric vehicle manufacturers come onto the scene.

Tesla Tops EV Sales in First Half of Year

The automaker’s new vehicle registrations grew 61% in the first half of the year to take the top spot among luxury automakers.

Credit Unions Amass Largest Share of the Automotive Finance Market in Five Years

New Experian report shows ongoing impact of inventory shortage on automotive finance market, as average vehicle loan amounts and monthly payments continue to rise.

Tesla Leads U.S. Luxury Market

In January, Tesla Inc. lead U.S. luxury market sales, lapping segment leader BMW in new vehicle registration, finds Experian data.

Experian: The Percentage of EV Financing Doubled Year-Over-Year

Alternative fuel vehicles now represent nearly 16% of new vehicle financing; banks originated more than 55% of new alternative fuel vehicle loans.

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Tesla Closes in on BMW Luxury Sales Title

Tesla’s Model Y could overtake BMW as the top-selling luxury model when its plant opens in Texas.

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