What it is: The quarterly report shows historic and current data for automotive finance statistics — such as new-car loan and lease origination trends, used-car loan origination trends, lender market share, risk distribution, average loan amounts, terms, interest rates and payments.
Where it comes from: Experian pulls the data from consumer retail U.S. vehicle registrations and titles and from its own consumer credit databases. Melinda Zabritski, Experian's senior director of automotive financial solutions, curates the report.
How it's used: The data can be used to spot trends, including the shifting popularity of loans vs. leasing throughout the year and which types of lenders are leading in market share. It is also useful in spotting trends in vehicle affordability.
How it might be misused: Drawing industrywide assumptions from only one point in the data could lead to a misunderstanding. Experian advises users to interpret the report holistically and to look for Zabritski's analysis before drawing conclusions.