Loading...

Consumers choosing longer automotive loans

September 4, 2015 by Carrie Janot

According to the latest State of the Automotive Finance Market report, consumers are continuing to extend loan terms as a way to keep payments low. The percentage of used vehicles financed for 73 to 84 months increased 14.8% from Q2 2014, while new vehicles financed for the same length increased 19.7% year over year.

As auto lending continues to grow, lenders can design more effective strategies by using market intelligence tools to gain insight into the latest consumer credit trends.

>> Video: Successfully Navigate the World of Consumer Credit

Related Posts

Last year is a testament to how quickly trends can shift, and entire industries can be turned upside...

February 8, 2021 by Amy Hughes

Small SUVs became the most financed vehicle segment in Q3 2020, making up 26.01% of all financed vehicles during...

January 11, 2021 by Melinda Zabritski

According to Experian’s Q3 2020 State of the Automotive Finance Market report, 26.20% of all new vehicles are leased...

December 17, 2020 by Melinda Zabritski

Subscription title for insights blog

Description for the insights blog here

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Categories title

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.

Subscription title 2

Description here
Subscribe Now

Text legacy

Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old. Richard McClintock, a Latin professor at Hampden-Sydney College in Virginia, looked up one of the more obscure Latin words, consectetur, from a Lorem Ipsum passage, and going through the cites of the word in classical literature, discovered the undoubtable source.

recent post

Learn More Image