Finance Insurance

In the battle for lease business, captives are kings

November 13, 2013 05:00 AM
Lease leaders

In the 2nd quarter, 8 of the top 10 auto lessors were captive finance companies. Ally and Chase Auto Finance are banks with manufacturer relationships.

 Share of Lease market
Honda Finance13.7%
Toyota Financial13.7%
Ford Credit11.0%
Ally10.8%
Nissan-Infiniti Financial9.6%
Hyundai Capital8.7%
VW Credit7.1%
BMW Group Financial5.5%
Mercedes-Benz Financial4.6%
Chase Auto Finance3.7%
Total88.4%
  
Source: Experian Automotive

The captive finance companies have a lock on leasing.

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