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Newsby StaffJune 9, 2020

Delinquency Rates Decrease In Q1 2020; While Affordability Remains Top of Mind

April data sheds light into how the industry was impacted during the early stages of COVID-19.

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Newsby StaffDecember 6, 2019

Q3 Auto Finance: Used Accounts for 55% of Loans

Experian analysts say buyers of pre-owned vehicles accounted for 55.15% of all U.S. auto loan originations in the third quarter, a 2.4% year-over-year increase.

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Newsby StaffOctober 3, 2019

Experian Debuts Advanced Data and Analytics Platform

The Experian Automotive Intelligence Engine was designed to offer auto dealers new data and analytical capabilities designed to find in-market car buyers within a 15-mile radius.

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Newsby StaffSeptember 5, 2019

Prime Buyers Flock to Used Vehicles in Q2 Report

Experian’s Q2 auto finance report consumers continue to uncover ways to manage monthly payments. For a record percentage of prime borrowers, that meant passing on a $32,000-plus new-vehicle loan in favor of a pre-owned unit.

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Newsby StaffAugust 7, 2019

Experian Teams With Oliver Wyman to Launch CECL Forecaster

Experian’s Ascend platform now includes a loan portfolio modeling tool built in collaboration with Oliver Wyman and designed to help finance sources comply with new current expected credit loss standards.

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ArticlesJuly 18, 2019

Rising Loan Amounts Drive Consumers to the Used-Vehicle Market

The auto finance segment is growing at a healthy rate, but average new-vehicle loan amounts are outpacing the market, driving an increasing number of car buyers — including those with prime and superprime credit scores — out of the showroom and onto the used-car lot.

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Newsby StaffJune 19, 2019

Study: Off-Lease Supply Drives Pre-Owned Demand

TransUnion analysts report more consumers in the prime and superprime credit tiers are choosing to buy used as off-lease units continue to flood the market, offering a budget-friendly alternative to increasingly expensive new cars.

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Newsby StaffJune 7, 2019

Sagent Adds Experian’s Precise ID to Auto LOS

Sagent Lending Technologies announced an enhancement of its identity-management and fraud-detection capabilities credited to a new collaboration with Experian.

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Newsby StaffJune 6, 2019

Experian: Facing Higher Loan Amounts, Prime Buyers Go Used

More consumers in the prime and superprime credit tiers opted for used vehicles as concerns around affordability grew in the first quarter, according to the latest report from Experian.

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Newsby StaffJune 5, 2019

CoreLogic Launches Three-Bureau PreQual

A new solution from CoreLogic Credco was designed to help auto dealers efficiently prequalify potential customers via soft-pull credit reports and scores from all three national credit bureaus.

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