Thank you for sharing!

Your article was successfully shared with the contacts you provided.

In the third quarter of last year, credit unions surpassed captive auto lenders to become the second largest lender type in the market. The latest results from Experian’s “State of the Automotive Finance Market” report showed credit unions remain the second largest lender type in the market with $277 billion in open auto loans. Banks remain the largest lender type, with $364 billion in open loans, while captive auto lenders ($252 billion) and finance companies ($179 billion) rank third and fourth, respectively.

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.