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27.08.26 - 15:36
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Hybrids Continue to Gain Ground Amid Elevated Gas Prices, According to a New Experian Automotive Report (Business Wire)
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Hybrids accounted for a growing share of new vehicle financing in Q2 2026, while offering the lowest average monthly payment across all fuel types Key Highlights:Hybrids comprised 16.80% of new vehicle financing in Q2 2026, an increase from 12.99% in Q2 2025.In Q2 2026, hybrids had the lowest average monthly payment for new loans across all fuel types at $646, followed by EVs at $692, and gasoline-powered vehicles at $721.The average refinance rate this quarter was 7.97%, in comparison to a 10.40% average original rate, saving consumers an average of $83 a month.SCHAUMBURG, Ill.--(BUSINESS WIRE)--As consumers navigate elevated fuel costs and continued affordability pressures, new Experian Automotive data shows vehicle shoppers increasingly gravitating toward hybrid models. According to Experian's (LSE: EXPN) State of the Automotive Finance Market Report: Q2 2026, hybrids accounted for 16.80% of new vehicle financing during the quarter, an increase from 12.99% in Q2 2025. Meanwhile, electric vehicle (EV) ...
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18.08.26 - 12:06
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Experian: Consumers Expect Modern Mortgage Underwriting; One-Third Ready to Walk Away From Lenders Using Legacy Credit Scores (Business Wire)
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New research spotlights consumer demand for the use of rent and utility payments to help close the homeownership gapCOSTA MESA, Calif.--(BUSINESS WIRE)--While a credit confidence gap is keeping many prospective homebuyers out of the market, a growing awareness of expanded data and modern credit-scoring models is sparking a wave of consumer self-advocacy. According to new research from Experian®, one-third (33%) of consumers claim they'd actively seek out a new mortgage lender if they learned their current lender relied on legacy credit-scoring models that don't incorporate rent and utility payments.
Experian's research also showed the inclusion of everyday financial habits in scoring models could bring sidelined buyers to the table. More than half (52%) of consumers said they'd be more interested in pursuing homeownership if lenders considered additional positive payment history, such as rent and utility payments, when evaluating mortgage applications.
Gen Z is leading the charge
This demand for cred...
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30.07.26 - 14:09
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Weathermatic Names Damon Littlejohn Vice President of Sales, National Accounts (Business Wire)
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Littlejohn joins Weathermatic with three decades of sales leadership experience to help drive growth across the company's national accounts divisionDALLAS--(BUSINESS WIRE)--Weathermatic has named Damon Littlejohn Vice President of Sales, National Accounts. He reports to CEO Lex Mason and will help lead the company's strategy for serving large, multi-location organizations, including financial services, commercial, REITs, national retailers, and facility management companies, through Weathermatic's SmartLink platform.
Weathermatic, a Telsco Industries company, has provided water management solutions to the commercial landscaping industry for more than 80 years. His appointment reflects the company's ongoing investment in its national accounts strategy.
He joins Weathermatic after more than three decades in senior sales leadership roles within the credit and data services industry. He began his career at Experian in a series of sales roles before spending 14 years at Kroll Factual Data, where he served ...
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23.07.26 - 14:21
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As High Gas Prices Put Car Costs in Focus, Drivers Found Savings Beyond the Pump in Q2 (Business Wire)
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Caribou's Q2 Auto Refinance Trends Report highlights major savings across borrower profiles, loan terms and vehicle types.DENVER--(BUSINESS WIRE)--High gas prices and persistent inflation squeezed Americans throughout the spring, leading many to seek out savings where they could, especially in their driveways. New data from auto refinance platform Caribou shows growing interest among Americans to save on their car loan. Customers who refinanced to lower their car payment in Q2 2026 saved an average of $162 a month, twice the industry average reported by Experian.* Customers also cut their APR by an average 4.13 percentage points, the most significant rate drop in a year. This is welcome relief for drivers as monthly car payments for new vehicles reached a record $777 in Q2, according to Edmunds.
Caribou's Q2 2026 Auto Refinance Trends Report—based on data from April to June 2026 of customers who refinanced to lower their monthly payments—reveals several notable trends shaping the current refinance l...
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24.06.26 - 00:54
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19% of New Car Buyers Now Pay $1,000 Monthly: A Milestone That Signals Trouble (24/7 Wall St.)
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The average monthly payment on a new car loan in America reached $767 in the fourth quarter of 2025, according to Experian's State of the Automotive Finance Market report. That is a very high number, and it helps explain why analysts are treating auto finance as a growing strain on borrowers. The broader data on ... 19% of New Car Buyers Now Pay $1,000 Monthly: A Milestone That Signals Trouble...
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