Growth while luxury segment shrinks points to promise of mass adoption.
Captives’ market share surges in first quarter as many shoppers switch from used to new vehicles.
But average payments increased for both new and used models.
Fraud Protect enables automotive dealers to identify potential fraud risks without slowing down the sales process.
Prime share continued to dominate in the quarter, Experian data show.
Average for new and used vehicles decreased in the third quarter.
Experian reports their financing rate outpaces banks and credit unions.
Experian data shows Tesla captured six out of 10 EV sales, slowing deliveries of other automakers’ EVs.
The lenders lost over one point of new-car loan and lease market share in 2022, finds Experian.
Q1 numbers show they’re trying new tacks to combat the effect of high interest rates, still-high vehicle prices.
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