Toyota Most Financed Automaker in Q3 2012
According to a report released by Experian Automotive, Toyota was the most financed automaker in the third quarter of 2012.
14.09 percent of all new vehicles financed were from Toyota, while Ford was in second with 13.16 percent and Chevrolet was third with 11.10 percent. The analysis also found that loans financed for new vehicles increased to 24.84 percent compared to 21.87 percent in Q3 2011.
Another interesting finding in the report is that Volvo buyers ranked tops in terms of credit score with an average of 818 while Lexus buyers were second with 816 and Acura third with an average score of 813.
On the opposite end of the spectrum, new loans made to Mitsubishi buyers had the lowest average score of 694 while Suzuki buyers were in second with 704. Third place went to Dodge buyers with an average score of 718.
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Jason Siu began his career in automotive journalism in 2003 with Modified Magazine, a property previously held by VerticalScope. As the West Coast Editor, he played a pivotal role while also extending his expertise to Modified Luxury & Exotics and Modified Mustangs. Beyond his editorial work, Jason authored two notable Cartech books. His tenure at AutoGuide.com saw him immersed in the daily news cycle, yet his passion for hands-on evaluation led him to focus on testing and product reviews, offering well-rounded recommendations to AutoGuide readers. Currently, as the Content Director for VerticalScope, Jason spearheads the content strategy for an array of online publications, a role that has him at the helm of ensuring quality and consistency across the board.
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