Tag Archives: experian

A Regional Look at EV Sales

Six states, and Washington D.C., over-index for electric market share – that is having more than the 0.9% share (which is the total national EV market share of the passenger and light truck market) through the first half of the 2018 calendar year Continue reading

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Vehicle Average Loan, Monthly Payment at Record Highs

The population segments hurt most are subprime and deep subprime consumers. The percentage of new vehicle loans to subprime and deep subprime consumers has decreased 8.4% and 14.1%, respectively. The percentage of new vehicle loans to prime and super prime consumers has reached 73.4%, the highest Q1 level since 2012. Experian says it’s a sign that some lenders have become more risk-averse. Continue reading

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Leasing at Record High in US

People continue to lease vehicles at a record pace, according to the Q3 2015 State of the Automotive Finance Market report Continue reading

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Auto Loan Balances up 53% Since Post Recession Low

The distribution of open loans by risk segment remains relatively unchanged, demonstrating that consumers drive the surge in outstanding automotive financing across the board, not a specific segment of the market. Continue reading

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60-Day Auto Loan Delinquencies Rise for First Time since 2009

It was the first time since the end of 2009 that either 30- or 60-day loan delinquencies increased year-over-year. In what could be an early warning sign that sub-prime loans from finance companies are becoming too speculative, the total balance of 60-day delinquent loans grew from $3.48 billion in Q4 2011 to $3.93 billion in Q4 2012. Continue reading

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Ally Leads in U.S. Consumer and Dealer Auto Financing

Ally Financial leads all auto lending firms because the taxpayer owned company extended credit on 1.5 million new and used vehicles through franchised and independent dealers last year. Continue reading

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Auto Credit Loosens. Average Loan Now More Than $25,000

New vehicle loans to “credit-challenged” buyers grew by 12.7% in Q3 2010, compared with Q3 2009, as lenders loosened their auto credit standards slightly as delinquencies dropped.  

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