Loading...

Auto lenders originating longer loans

Published: April 12, 2012 by josephine.munis

With interest rates at their lowest level since 2008 and an increasingly competitive market, automotive lenders are increasing their willingness to make loans between six and seven years long:

  • Auto loans of 73 to 84 months accounted for 14.1 percent of all new vehicle loans, up 47 percent from Q4 2010
  • Auto loans of 73 to 84 months accounted for 9.04 percent of all used vehicle loans, up 41 percent from Q4 2010

View our recent Webinar on the Q4 2011 state of the automotive market.

Source: Experian Automotive’s quarterly credit trend analysis. Download the quarterly studies and white paper.

Related Posts

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

Published: February 8, 2021 by Amy Hughes

Experian Automotive Market Insights helps dealers efficiently identify potential conquest opportunities in their region and beyond....

Published: January 28, 2021 by Amy Hughes

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

Published: January 11, 2021 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