Experian’s Q4 State of the Automotive Finance Market report finds the average amount financed for a U.S. new vehicle purchase increased — along with 30- and 60-day delinquencies — on a year-over-year basis.

The average amount financed for a new vehicle purchase was $41,572 in the fourth quarter of 2024, up 2.6% from Q4 2023; however, the average monthly payment dipped 1.6% to an even $600.

Third-party banks and finance companies together claimed 40.9% of the new vehicle originations market in Q4, trailed by captive lenders (30.6%) and credit unions (19.43%). Leases accounted for 24.5% of all new vehicle transactions, an 8.4% gain.

Remarkably, average credit scores for both new (755) and used (691) buyers were unchanged from the prior-year quarter. However, 30- and 60-day delinquencies for all auto loan balances went up by 4% and 3.6%, respectively.

Get the full report at Experian