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Car Loans Top $1 Trillion for First Time Ever in Q1

Buyers out in force during first quarter of 2016.

by on May.23, 2016

Auto loans topped $1 trillion in the Q1 this year. It's the first time it's hit that mark in that period ever.

Experian, which tracks auto loans as well as consumer credit scores, reported the total amount of auto loans in the first quarter of 2016 exceeded $1 trillion for the first time ever.

In all, the total volume of auto loans, which includes leases, is up 10% from the same period a year ago, according to the latest data from Experian

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“We’re still seeing strong sales projections which will help fuel this growth,” said Melinda Zabritski, Experian senior director of automotive finance. (more…)

Ford Motor and Hyundai Top Latest Ratings

Experian claims loyalty strong at Ford, share up at Hyundai.

by on Feb.18, 2010

Toyota's new Venza model was Number One in brand loyalty.

Ford Motor Company vehicles accounted for four of the top five vehicles for customer brand loyalty, according to a recent industry analysis from Experian Automotive.

The analysis of what’s said to be  industry-wide automotive trends for the third quarter of 2009, also saw Hyundai performing strongly, with gains in overall market share and increased new vehicle registrations.

From the second to third quarter of 2009, Ford customers continued to show strong loyalty for the Ford brand. Ford’s Fusion, Edge, Flex and Five-Hundred models were all within the top five vehicles for customer brand loyalty at 61.8%, 57.8%, 57.6% and 56.3%, respectively. Ford Freestyle had the 10th highest brand loyalty at 47.6%.

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While Ford had a strong presence in brand loyalty, Toyota’s new Venza model was Number One in brand loyalty at 63.2%. Toyota’s Prius (51.8%) and Camry (48%) came in at numbers seven and nine, respectively. When it came to corporate loyalty, Toyota moved ahead of GM to take the top spot. Ford followed closely in third place.

(more…)