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Credit union auto loan market share reaches 31% 

Banks and captives continue to lose market share due to higher rates 

Amanda Harris

Credit unions’ auto finance market share in the third quarter grew 8.23 percentage points year over year to 28.44%, surpassing a five-year record driven by competitive rates.  Banks’ and captive finance providers’ auto loan market share fell by 5.19 percentage points YoY to 27.32% and 4.75 percentage points to 21.89%, respectively, according to Experian’s Q3 […]

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