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Captives gain new-vehicle finance share

60-plus day DQs reach 1.71%

Riley WolfbauerbyRiley Wolfbauer
August 16, 2023
in Sales & Marketing
Reading Time: 2 mins read
0

Captive finance companies regained new-vehicle financing market share in the second quarter amid an uptick in incentives.   Captives accounted for 51% of new-vehicle financing in Q2, up from 37% in Q2 2022, according to April and May data from TransUnion’s Q2 2023 Credit Industry Insights Report. Banks accounted for 29% of new financing in Q2, […]

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