The Ford F-150 has long been the best-selling vehicle in the U.S., so it should come as no surprise that it is also the most highly considered pickup truck among consumers, one of the most popular used vehicles on the market, and one of the most commonly financed vehicles as well. In fact, recent estimates peg the total number of Ford F-Series pickups on the road today – which includes the Ford F-150 and Ford Super Duty – at over 16 million. Thus, it should come as no surprise that the F-150 was also the top financed used vehicle in Q3 of 2021, according to Experian’s latest Auto Finance Insights Report.
To be more specific, the 2018 Ford F-150 topped Experian’s list of the top 20 financed used vehicles, as that model represents 0.67 percent of the total number of financed used vehicles on the road today. The 2018 F-150 was followed by the 2019 Ram 1500 at 0.59 percent, the 2018 Toyota RAV4 at 0.48 percent, the 2018 Nissan Rogue at 0.48 percent, and the 2018 Honda Civic at 0.44 percent. The F-150’s chief rival – the 2018 Chevrolet Silverado 1500 – came in seventh place at 0.43 percent.
In terms of the top 20 financed franchise used models, the 2018 F-150 once again topped the list at 0.91 percent, followed by the 2019 Ram 1500 at 0.77 percent, 2018 Toyota Camry at 0.61 percent, 2018 RAV4 at 0.61 percent, and the 2018 Civic at 0.60 percent. Finally, the 2013 F-150 topped the list of the top 20 financed independent used models at 0.34 percent, followed by the 2014 Silverado 1500 at 0.32 percent, the 2015 Nissan Altima at 0.31 percent, the 2018 Rogue at 0.31 percent, and the 2018 Honda Accord at 0.30 percent.
The Experian Auto Finance Insights Report aims to provide a snapshot of the overall automotive finance market including origination trends on both new and used vehicle loans and leases on a quarterly basis.