Finance Insurance

Credit unions expected to remain an auto lending force

April 08, 2023 04:00 AM

Riding high

Credit unions were the top source of auto financing in the 4th quarter of 2022.
Hover over or touch chart for a detailed view.

Total combined loan and lease market share

New-vehicle combined loan and lease market share

Used-vehicle combined loan and lease market share

Note: Figures are rounded
Source: Experian

Credit unions beat out rivals for auto financing market share during the fourth quarter of 2022, and dealership finance and insurance offices should expect them to remain strong competitors this year.

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