Auto showroom with two people looking at new cars. Auto showroom. (Source: Shutterstock)

Credit unions for the first time had the highest share of automotive financing, producing more loans and leases than banks, captives or others in third quarter, Experian reported.

Experian’s “State of the Automotive Finance Market” report for the third quarter released Thursday showed credit unions produced 28.4% of the loans and leases from lenders in the three months ending Sept. 30, up from 20.2% a year earlier and 25.8% in this year’s second quarter.

Jim DuPlessis

A journalist for decades.

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