Auto Finance Market Shifts as Interest Rates Continue to Rise in Q1

Experian shares the latest data that CUs should take into account as they look for ways to increase auto loan market share.

By Melinda Zabritski | July 21, 2023 at 09:00 AM

Auto. Luxury car steering wheel and dashboard with monitor

The automotive finance market has witnessed a shift in the first quarter of 2023 amid interest rates rising – making it important for lenders to analyze the most current data as they continue to play a critical role for consumers who are looking to purchase a vehicle.

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