The percentage of borrowers more than 60 days past due on their auto loans increased by five basis points year-over-year to 1.38%, according to the latest quarterly report from TransUnion. +
Experian reports the average amount financed for a new vehicle purchase in Q1 was $41,720, with an average monthly payment of $745, up from $40,610 and $737 in the prior-year quarter. +
Experian has launched Cashflow Score, a new solution designed to help finance sources gauge creditworthiness by accessing and analyzing consumer-permissioned transaction data. +
Experian reports the average amount financed in a U.S. new vehicle transaction was $41,572 in the fourth quarter, a 2.6% increase, but with a slightly lower average monthly payment of $600. +
Experian’s latest auto finance report finds U.S. consumers’ monthly payments ticked up for new vehicles and down for used, corresponding with minimal changes in loan amounts. +
