Credit unions and banks fall to captives in auto finance market share
A return of captive finance incentives is likely driving the shift in market share, said Experian's senior director of automotive financial solutions......»»
Apple Pay Later loans will now appear on Experian credit reports
Apple Pay Later, the feature where you can spread an Apple Pay purchase across four equal installments with zero interest, is leading the way when it comes to consumer credit transparency. Experian and Apple announced today they are working togeth.....»»
Apple Pay Later plans will show up on credit reports
Apple Pay Later will officially become the first buy now, pay later loan service to have information reflected in Experian credit reports.Apple Pay LaterUntil now, if you used a short-term buy now, pay later (BNPL) or pay-in-4 (Pi4) loan, such as tho.....»»
Fraudsters have found creative ways to scam some businesses
70% of businesses report that fraud losses have increased in recent years and over half of consumers feel they’re more of a fraud target than a year ago, according to Experian. To thwart fraudulent activity in 2024, businesses need to deploy more s.....»»
Cash deals are on the rise, for both gas-powered and electric vehicles
The average cash penetration rate for internal combustion vehicles in 2023 was just over 18 percent, up from under 16 percent in 2022, according to Experian......»»
As U.S. EV market flattens, some brands perk up and gain on Tesla
EV registrations grew at a healthy pace, led by old-guard luxury brands, in the January-to-October period but are no longer taking share from gasoline and hybrid vehicles, according to the most recent new-vehicle registration data from Experian......»»
Leasing returns expected to rise then plunge in ’24
Experian predicts retail leasing returns will rise to 1.1 million in the second quarter of 2024, but then fall to only 640,000 by the end of that year......»»
Tesla"s EV share falls to 58% as growth cools in U.S. and Model X and Model S turn red
The automaker's January to August EV share fell to 58% from 65.1% a year earlier, Experian data shows. Tesla blamed factory downtime for global third-quarter sales that came in lower than the preceding quarter......»»
Tesla"s EV share falls to 58% as Model 3 growth cools and Model X and Model S turn red
The automaker's January to August EV share fell to 58% from 65.1% a year earlier, Experian data shows. Tesla blamed factory downtime for global third-quarter sales that came in lower than the preceding quarter......»»
Tesla"s EV share falls to 58 percent as Model 3 growth cools and Model X and Model S turn red
The automaker's January to August EV share fell to 58% from 65.1% a year earlier, Experian data shows. Tesla blamed factory downtime for global third-quarter sales that came in lower than the preceding quarter......»»
VinFast’s paltry U.S. new-vehicle registrations contrast with stock market zeal
The Vietnamese automaker launched its VF 8 crossover in March and had 151 new U.S. new-vehicle registrations through the end of June, Experian data shows......»»
U.S. EV share goes flat at 7.1% through June as gas autos return
After two years of sharp growth, EV market share stayed flat from January to June, new Experian data shows. Tesla leads the market but isn't immune from the slowing segment......»»
Consumers demand more from businesses when it comes to security
Fraudsters are opportunistic criminals and 2022 and the first few months of this year brought opportunities like never before, according to Experian. This volatility perpetuated an unpredictable atmosphere for both businesses and consumers alike. The.....»»
Promising EV brands struggle this year despite strong U.S. market
Rivian, Lucid, Nissan, Porsche and Cadillac are among brands with relatively weak numbers, according to four-month registration data from Experian......»»
New EV registrations: GM, Ford, Rivian chip away at Tesla"s share
In the first quarter, Chevrolet captured a 7.7 percent EV share, Ford had 5.2 percent and Rivian 2.8 percent as Tesla's dominance slipped from a year earlier to 60 percent of the market, Experian data shows......»»
EV credits boost Tesla, GM, Ford, VW — as Hyundai suffers
EVs built in North America took the top eight spots for vehicle registrations in January, according to Experian data, displacing imported models from Hyundai and Kia......»»
84-month auto loans gain in popularity
By the third quarter of 2022, 19 percent of new-vehicle debt and 11 percent of used-vehicle loans ran seven years, according to Experian......»»
U.S.-made EVs rule the market — and the trend is accelerating
Thanks primarily to Tesla and GM, U.S.-made EVs are dominating the U.S. market, Experian registration data shows. New tax incentives will accelerate the trend and bring an influx of battery plants to North America......»»
Modern technology and cyber recovery will intersect in the next generation of attacks
As technology continues to evolve for business and personal use, cybercriminals are also leveraging innovation in the next generation of attacks, according to Experian. Additional frontiers are a focus for 2023 In addition to the metaverse, hackers w.....»»
Ford tightens grip as No. 2 EV maker; Korean brands cool
Tesla led EV registrations in the January-October period with a 65 percent market share, according to Experian. Tesla was also the No. 1 luxury brand, regardless of fuel type, by a wide margin......»»