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Used-vehicle financing share reaches 58.6% in Q1

But sales volume down 2.2% YoY

Aidan Bush

Lenders financed more used vehicles in the first quarter as monthly payments and loan amounts rose at a slower rate for used cars compared to new vehicles. Vienna, Va.-based Navy Federal Credit Union’s used-vehicle financing, for example, makes up 63.1% of its vehicle mix as of mid-2026, up from 54.9% in 2023, Vice President of […]

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