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Home » Ramping up: Banks reclaim market share

Ramping up: Banks reclaim market share

Bank auto outstandings jump $41B in Q2

Amanda Harris and Joey PizzolatobyAmanda Harris and Joey Pizzolato
August 27, 2021
in Features
Reading Time: 5 mins read
0
Ramping up: Banks reclaim market share

After nearly a year of tightened underwriting standards and muted demand for credit, big banks are finally clawing back and reclaiming lost market share. In fact, outstandings rose $41 billion to $1.282 trillion in the second quarter, according to the Federal Reserve. By comparison, banks’ auto outstandings grew by $24 billion in the six months between […]

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Tags: auto outstandingsBank of AmericabanksChase AutomarketsharePNC FinancialPremium
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