Bar chart showing the growth of credit union auto lending in 2022

More than a quarter of people who financed a car in the second quarter did so through a credit union, according to an Experian report released Thursday.

Experian's "State of the Automotive Finance Market" report showed credit unions produced 25.8% of the loans and leases from lenders in the three months ending June 30, up from 18.3% a year earlier and 22.1% in this year's first quarter.

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Jim DuPlessis

A journalist for decades.