March 5, 2018 - Industry News
The new offering is designed to help finance sources better serve consumers across the credit lifecycle, providing insight into historical consumer behavior across all three credit bureaus.
Tags: auto finance, Experian, full-spectrum finance
December 5, 2016 - Industry News
Auto financing extended to subprime and deep-subprime car buyers fell 4.5% from a year ago, as the auto finance industry continued to squash fears of a forming subprime bubble. Newly originated loans made to prime car buyers jumped 2% to encompass nearly 60% of auto loans originated during the period.
Tags: Auto Loans, Deep-Subprime, Experian, subprime, Third Quarter
September 20, 2016 - Industry News
Black Book issued a white paper that suggests used leasing could be the answer to the glut of off-lease vehicles expected to return to market this year. While directed at finance sources, the white paper offers a four-step process dealers can use to identify the right vehicles for used leasing.
Tags: Black Book, Experian, leasing, Used Leasing
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
March 17, 2016 - Industry News
Not only do women have higher credit scores and less debt than men, according to a new report from Experian, they are more likely to purchase a more functional, utilitarian vehicle than their male counterparts.
Tags: Auto Loans, Credit, Experian
March 1, 2016 - Industry News
The former director of dealer enterprise relationships for Equifax joins the firm as vice president of credit service for the North American market, a role in which he'll oversee CreditMiner's automotive vertical.
Tags: CreditMiner, Equifax, Experian, Hiring, TransUnion
August 18, 2015 - Industry News
Consumer credit defaults remained relatively stable in July, according to data from S&P Dow Jones Indices and Experian. The on exception were auto loans, which showed an increase in defaults.
Tags: Auto Loans, Consumer Credit, default rates, Experian, S&P/Experian
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 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
January 27, 2015 - Industry News
Experian’s new Auto Equity Model helps users estimate a consumer’s vehicle equity on an existing auto loan.
Tags: Auto Loans, Equity, Experian
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