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6EV buyers are younger, more affluent than hybrid shoppers

If you're a real estate broker and see someone pulling up to your listed property in a Nissan Leaf, you should probably pay attention, because there's a pretty good chance that the driver of the very quiet car will be able to score a mortgage. According to data from Experian Automotive, EV owners tend to be both younger and more affluent than buyers of hybrid vehicles. Additionally, those EV buyers have excellent credit, says Experian, whose expertise is keeping track of these things.

113Carfax slapped with $50M antitrust suit by 120 dealers

In December 2012 Automotive News published a piece on dealers unhappy with Carfax, alleging that the most well known used vehicle history reporting company had maneuvered itself into a monopolistic position. Dealers were paying the price for it by being charged more for Carfax reports than they'd have to pay for those from similar agencies, and there was nothing they could do about it. Now it will be for a judge to figure out: Automotive News reports that 120 dealers have joined a class-action l

79More People Defaulting On Car Loans, Says Experian

There are ways to prevent losing your car to the repo man

The percentage of 60-day delinquencies on car loans nudged upward in the final months of 2012, the first increase in delinquency rates since the recession and financial meltdown began in 2008.

42Volvo buyers have best credit scores among all auto shoppers

Experian, the US credit reporting agency, recently concluded a study into the financing and credit scores of US car buyers. One of the prime findings was that Volvo buyers enjoy the strongest credit scores among new car shoppers from all brands (nota bene, these are Experian's own numbers and can differ from other agencies). Unlike the Forbes report on the same story, though, we don't find that surprising at all, nor do we think it necessarily helps Volvo's upscale brand aspirations. The Gothenb

33How Carfax has cornered the market on car history reports

Ever wonder why Carfax seems to be the only company you ever hear about that offers vehicle history reports?

40Toyota recovers from recalls, Mother Nature to regain customer loyalty crown

After dealing with flailing global economies, numerous recalls and safety allegations and then the depleted inventory from the devastating earthquake and tsunami in Japan, Experian Automotive says that Toyota is finally back on top when it comes to consumer loyalty in the US. Toyota edged out General Motors and Ford Motor Company to grab this loyalty crown for the first time since the third quarter of 2009.

57Chrysler sales growth fueled by subprime loans?

Automotive News reports Chrysler owes some of its recent sales success to a resurgence of subprime loans. Chrysler has a history of working with customers burdened with questionable finance histories, and lenders have begun to loosen credit restrictions. As a result, 29 out of every 100 auto loans for new Chrysler models went to buyers with a credit score under 680 in the first quarter of this year. Experian Automotive classifies loans tied to that credit score as subprime. What's more, nearly 2

33Stalk your old car like your old girlfriend with Check My Ride

I found it. After more than four years and 3,000 miles, my 1976 BMW 2002 is currently residing in Newberry, Florida, just east west of Gainesville. How did I track it down? A new website that allows you to plug in your long lost love's VIN (that's Vehicle Identification Number for those acronym averse) and spits out its last registered location.

60Report: Army wins fight to keep spending money on NASCAR sponsorship [w/poll]

Minnesota Congresswoman Betty McCollum is a Democrat looking at areas where the budget can be cut. Her current target is military spending. More specifically, she is focused on banning the military from spending money advertising in NASCAR. She introduced a measure to this effect, and it was shot down by a vote of 241-148.

35Fed launches national auto database to curb theft, fraud. Only took 17 years

You may or may not know this, but that used vehicle on sale at your local dealership with a "clean" title could have been wrecked, stolen or involved in a flood. So much for the pristine title that you looked at before purchasing the vehicle. Congress and the Justice Department have known about this problem for decades and in 1992 the nation's governing body ordered the creation of a national database to show which vehicles were involved in thefts or other incidents.

9eBay Motors begins offering free vehicle history reports from Experian

Consumers wary of purchasing vehicles off eBay may take a bit of comfort in the online auction site's announcement that all vehicles built since 1981 will now include free vehicle history reports effective today. The "AutoCheck" information, supplied by Experian Automotive, will detail whether vehicles have been involved in major accidents, have salvage titles, have been stolen or repossessed, have had their odometers tampered with, or have seen special duty as a taxi or police vehicle. Of cours

78STUDY: Ford owns brand loyalty in 2009; Scorned Saturn, Pontiac buyers will look outside of GM

Ford buyers appear to love their cars more than customers of any other automotive brand, returning back to the American automaker when it comes time to purchase their next vehicle. According to a study by Experian Automotive, six of the top 10 vehicles for customer brand loyalty wear badges from the Blue Oval. That includes the Ford Fusion (62.4 percent), Ford Edge (57.9 percent), Ford Five Hundred/Taurus (56 percent), Ford Freestyle (51.9 percent), Ford Escape (49.4 percent) and the Ford Focus

4Toyota tops GMAC as the biggest U.S. auto lender

Toyota Financial Services recently leaped over GMAC Financial services to take the lead as the biggest U.S. auto lender in terms of loan and lease contract volume. The study by AutoCount (a unit of the Experian Automotive company) estimates that Toyota captured 6.35% of the market from January through June, while GMAC had 6.2% for a close second place. Rounding out the top five were Chase Auto Finance, American Honda Finance, and Ford Credit (in that order).

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