Banks regain lead in used market with 28% of loans
Captives held 61.8% of new-vehicle loans, leases
Banks regained their position as the leading lender type for used vehicles in the first quarter of 2024 while captives held their highest share of new-vehicle loans and leases since 2010 amid elevated incentives. Banks’ share of used-vehicle financing inched up 79 basis points (bps) year over year to 28.4% in the first quarter, according […]
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