Experian’s latest automotive finance market report reveals an encouraging shift concerning delinquencies.

Experian finds EVs accounted for 19.5% of all new vehicle leases this quarter, a notable increase from 2.1% in Q4 2020.

One notable trend from Q3 2024 is a slight uptick in prime and super prime borrowers opting for used financing.

What's more, credit unions continue to hold the highest market share of used financing.

Experian provides insights into the new and used auto lending market based on data from Q1 2024.

With vehicle prices decreasing and some lenders offering rates below average, consumers are returning to the market.

Experian shares highlights from its Q3 2023 automotive finance market report.

Captives hold the majority of total vehicle financing market share, jumping to 29.05% from 22.15% in Q2 2022.