May 31, 2018 - Industry News
The dream of owning a new vehicle is becoming more elusive for the average American consumer, with the average amount financed and monthly payment for a new vehicle climbing to record highs of $31,455 and $523, respectively.
Tags: auto finance, average finance amount, average monthly payment, Experian Automotive, interest rates, prime, subprime
December 7, 2017 - Industry News
Subprime financing fell to its lowest point since 2012, while prime grabbed the lion’s share of the auto finance space in the third quarter. Even the used-vehicle market has gone prime, with buyers outside of prime accounting for just a third of the market.
Tags: auto finance, Experian Automotive, prime financing, Subprime Financing
October 31, 2017 - Industry News
The new platform gives users of Pearl’s VehicleXchange incentive-based marketing solution the ability to know which consumers are new or pre-owned buyers, and can target by propensity, APR, payment amount, term and credit score, and more.
Tags: data mining, digital retailing, Experian Automotive, online F&I, Pearl Technology
September 22, 2017 - Industry News
Sentiment speaks to recent auto finance data showing prime and superprime car buyers shifting toward used, where the average monthly payment was $139 less than the record $504 average monthly payment for new in the second quarter.
Tags: auto finance, Cox Automotive, Experian Automotive, new-vehicle sales, used-vehicle sales
May 25, 2017 - Industry News
String’s marketing intelligence platform will be matched with Experian’s own data-driven insights. The combination will direct dealers on how to spend marketing dollars and where to target their conquesting efforts, officials said.
Tags: data, digital marketing, Experian Automotive, String Automotive
March 2, 2017 - Industry News
The firm today reported that average amounts financed for new and used reached record highs of $30,621 and $19,329, respectively. Total balances also reached a record high, although Experian observed a slowing in year-over-year growth.
Tags: auto finance, deliquencies, Experian Automotive, leasing, new-vehicle financing, used-vehicle financing
January 30, 2017 - Industry News
The information services firm announced that John DeMarco has joined the company as senior vice president of automotive sales. He brings 27 years of leadership experience, having held a number of senior leadership roles at firms like CDK Global and Ford Motor Co.
Tags: CDK Global, Experian Automotive, Ford Motor Co., John DeMarco
January 24, 2017 - Industry News
Representatives from the three major credit bureaus opened the 21st annual Vehicle Finance Conference and Exposition by confirming that there is no forming subprime bubble. They explained why and how millennials are contributing to a healthy auto finance market.
Tags: AFSA Vehicle Finance Conference, American Financial Services Association, Amy Crews Cutts, credit reporting agency, Equifax, Experian Automotive, Jason Laky, Melinda Zabritski, TransUnion, Veritas Auto Finance
June 28, 2016 - Industry News
An Experian analysis found that out of all auto brands that sell in the United States, Jeep had the highest percentage of vehicles built domestically. According to the analysis, 96.7% of Jeeps on U.S. roads were assembled in the country.
Tags: American, Analysis, Experian, Experian Automotive, Jeep
May 19, 2016 - Industry News
Lease balances also skyrocketed in 2016's opening quarter, while subprime loan volumes showed double-digit growth. Delinquencies, however, remained in check, the firm reported.
Tags: auto finance, Auto Loan Delinquency Rate, Experian Automotive, lease originations, Oustanding Auto Loan Balances
April 5, 2016 - Industry News
The amount of cars being leased has grown by 76% since 2008, according to an Experian Automotive study. By the end of 2016, 1.8 million off-lease vehicles will return to the market, the firm says.
Tags: Experian Automotive, Lease, Study
March 3, 2016 - Industry News
With new-vehicle loan amounts and monthly payments rising to record highs during the fourth quarter, leasing’s share of the market grew to record levels. Data from Experian Automotive also showed that more consumers turned to the used-vehicle market in the end-of-year period.
Tags: Experian Automotive, Melinda Zabritski, Monthly Payments, new-vehicle financing, new-vehicle leasing
February 9, 2016 - Industry News
Outstanding auto loan balances totaled $987 billion in the fourth quarter 2015, up 11.5% from the year-ago period and the highest level since Experian Automotive began publicly tracking the data in 2006.
Tags: 30-day delinquency rate, 60-Day Delinquency Rate, auto finance, Auto Loans, banks, captive finance, credit unions, Experian Automotive, finance companies, Oustanding Auto Loan Balances
January 5, 2016 - Industry News
Between October 2014 and September 2015, consumers returned to Subaru and Ford more than any other OEM brand, according Experian Automotive.
Tags: brand loyalty, Experian Automotive, Ford, Land Rover, Mercedes-Benz, Subaru
December 15, 2015 - Industry News
Based on new-vehicle registration data collected by Experian Automotive, industry sales have returned to prerecession levels. Crossover utility vehicles and the state of California have led the way, accounting for 23.9% and 11.8% of all new-vehicle registrations, respectively.
Tags: Cheverolet, Crossover Utility Vehicles, Experian Automotive, Ford, Honda, New-Vehicle Registrations, new-vehicle sales, Nissan, Toyota
November 4, 2015 - Industry News
Experian Automotive reported that outstanding loan balances are now up more than 53% from the post-recession low in 2010.
Tags: auto finance, Auto Loan Delinquency Rate, Experian Automotive, outstanding loan balances
October 22, 2015 - Industry News
The Comptroller of the Currency warned in a speech delivered yesterday that the pace of auto lending reminds him of the mortgage industry in the run up to the 2009 financial crisis.
Tags: auto finance, Auto Loan Delinquency Rate, Auto Loan Terms, banks, economic downturn, economic recovery, Experian Automotive, Office of the Comptroller of the Currency
August 27, 2015 - Industry News
The rise in new-vehicle prices continued in the second quarter, with more consumers turning toward the used market and leasing. Loan terms also continued to stretch.
Tags: Auto Loan Terms, Experian Automotive, leasing, Monthly Payments
August 12, 2015 - Industry News
The total dollar volume for outstanding automotive loan balances grew by $92 million from the second quarter of 2014 to the second quarter of 2015, the largest dollar volume growth since 2006, according to a report from Experian Automotive.
Tags: Auto Loan Delinquency Rate, Auto Loans, Experian, Experian Automotive, subprime
June 30, 2015 - Industry News
Experian Automotive's review of the American muscle car resurgence found that Chevrolet Corvette and Dodger Viper buyers tend to pay cash, while the Dodge Charger was the most leased muscle car.
Tags: Chevrolet Corvette, Consumers, demographics, Dodge Challenger, Dodge Viper, Experian Automotive, Ford Mustang
June 2, 2015 - Industry News
The average loan term for new and used vehicles has increased by one month, reaching new all-time highs of 67 and 62 months, respectively, according to a new report from Experian.
Tags: Auto Loan Terms, Experian, Experian Automotive, loans
May 19, 2015 - Industry News
In the first quarter of 2015, the percentage of automotive loans that fell within the subprime and deep subprime risk categories made up 19.7% of the market, the lowest share since 2012, according to Experian Automotive.
Tags: deep subprime, Experian, Experian Automotive, First Quarter, Melinda Zabritski, subprime
April 22, 2015 - Industry News
Latest Experian study shows consumers buying an alternative-powered vehicle are more likely to pay cash than those buying a gas-powered vehicle
Tags: Earth Day, Electric Vehicles, Experian Automotive, Hybrid Vehicle
December 2, 2014 - Industry News
Experian Automotive reported this week that average dollar amount for both new and used vehicle loans reached all-time highs in the third quarter, climbing to $27,799 and $18,576, respectively.
Tags: Auto Loans, Experian Automotive, Third Quarter
November 19, 2014 - Industry News
In the third quarter of 2014, 30- and 60-day automotive-loan delinquencies grew 3.7% and 8.6%, respectively, from the previous year. The change was due to growth in subprime loans.
Tags: delinquencies, Experian Automotive, Melinda Zabritski, subprime
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