Lower delinquencies, tighter credit in Q1, Experian says

Affordability remains a major factor influencing buying decisions, Experian says, with the average monthly auto payment reaching a record high in the first quarter of $569. (DAVID PHILLIPS)

June 10, 2020 01:40 PM

The automotive finance market favored customers in higher credit tiers in the months leading up to the coronavirus outbreak in the U.S., credit bureau Experian said Tuesday in its latest State of the Automotive Finance Market report.

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