Auto finance trends for 2024

Automotive Finance Market Forecasts from 2024 to 2029:

The Automotive Finance Market is projected to grow at a CAGR of 5.41% from estimated value of US$297.009 billion in 2024 to US$386.442 billion ...

'Unrelenting' Auto Financing Conditions Squeeze New-Vehicle ...

Interest rates are sitting at near-record highs: The average new-vehicle APR in Q3 2024 remained elevated at 7.1%, which was the same as in Q2 ...

The 2024 Must-Have Non-Prime Automotive Financing Survey Report

If you're involved in the non-prime auto financing sector, you won't want to miss out on this essential guide packed with key trends, intriguing ...

2024 State of Auto Finance - Mercer Capital

In the first quarter of 2024, captives comprised 31.4% of total financing, beating out banks (25.0%) for the top spot. Banks tightening their ...

Automotive Trends Report | 2024 Q3 Results - JM&A Group

Fewer new vehicles made in the past means fewer used cars available today. New vehicle inventory, although varied by brand, continues to ...

Average Car Payment and Auto Loan Statistics: 2024 | LendingTree

Americans took out $179.1 billion in new auto loans in the second quarter of 2024. By age, Americans younger than 50 took out $104.5 billion in auto debt during ...

Auto finance trends for 2024 - Prodigal

Should auto finance teams feel confident or concerned about what's coming in 2024?

Global Trends in Automotive & Financial Services 2024

The behaviour of automotive customers has fundamentally changed in recent years. Digital platforms are increasingly shaping the path to vehicle acquisition.

Auto Finance Digital Transformation Index shows long-term ...

Q3 Auto Finance Digital Transformation Index shows Q3 adoption vs. Q2 2024 mostly unchanged at less than .5% due to the decreased sales ...

Auto Loan Rates Could (Finally) Come Down in 2024 - MarketWatch

Lower Auto Loan Rates Could Make 2024 a Good Time To Buy or Refinance ... While market predictions are bullish on the funds rate — and by ...

Credit Unions Maintain Optimism Amid Financial Challenges

The survey aligns with predictions from CULA's January survey, where 40% of respondents expected growth in their auto finance portfolios in 2024 ...

New vehicle inventory bounces back, reshaping the automotive ...

According to Experian's State of the Automotive Finance Market Report: Q1 2024, captives' market share for new vehicle financing jumped to 61.75 ...

7 trends to watch in auto finance - Prodigal

Reuters reports: “New car loans lasting 73-84 months (over six years) rose to 34.4% of the market in 2022 from 28.6% in 2018, according to auto information site ...

Market Trends Impacting Auto Originations and Loan Servicing

Market Trends Impacting Auto Originations and Loan Servicing · People love and want to own vehicles despite affordability issues, · Consumers are ...

Auto Finance Market Trends & Predictions for 2024 - defi SOLUTIONS

The increasing demand for electric vehicles (EVs) is reflected in auto lending trends that are encouraging more people to buy them. The auto business is going ...

Auto Financing trends 2024-2025 | Future of Auto Loans

As we look to 2024 and 2025, predictions suggest that rates may stabilize or slightly decrease, depending on economic conditions. However, the ...

Understanding Current Auto Loan Trends: A Look at the Numbers

On average, the amount of money borrowed for auto loans has gone down slightly; however, for subprime borrowers, the average loan amount has ...

Highway to digitization is essential for the auto industry

Digitization trends from Q3 2024 underscore economic challenges. Each quarter, Wolters Kluwer's Auto Finance Digital Transformation Index tracks ...

Automotive Finance Market Size, Industry Analysis 2024-2032

The automotive finance market size surpassed USD 323.3 billion in 2023 and is expected to expand at around 6.2% CAGR from 2024 to 2032, driven by the rising ...

Auto Finance Global Market Report 2024

The auto finance market size has grown rapidly in recent years. It will grow from $2.08 billion in 2023 to $2.33 billion in 2024 at a compound annual growth ...