Distribution of vehicle loans in the U.S. 2019-2024, by lender type

Published by
Fernando de Querol Cumbrera,
Sep 10, 2024

Car loans granted by banks constituted nearly 27 percent of all automobile financing in the United States in the second quarter of 2024. That was a lower value than in 2019 and 2021. Captive finance, which refers to subsidiaries of car manufacturers or dealers that finance the purchase of cars, and credit unions had a similar market share. Finally, buy here, pay here (BHPH) and other types of lending had the smallest market share. In BHPH, the car dealer where the vehicle is bought, also lends money to the client.

Distribution of vehicle loan sources in the United States from 2019 to 2024

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Release date

August 2024

Region

United States

Survey time period

2019 to 2024

Special properties

Figures as of the second quarter of each year.

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Topics

Car financing and leasing in the U.S.Automotive industry in the United StatesCar brands in the United StatesMotor insurance in the United StatesAutomotive advertising in the U.S.
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