Business
Banks Experience Market Share Rebound for New and Used Vehicle Financing in Q1 2025, According to Experian
SCHAUMBURG, Ill., June 05, 2025--In the first quarter of 2025, banks reclaimed ground across the automotive finance industry, signaling notable market share growth. According to Experian’s (LSE: EXPN) State of the Automotive Finance Market Report: Q1 2025, banks’ total market share increased to 26.55% during the quarter, from 24.79% in Q1 2024. Meanwhile, captives’ market share declined from 31.28% last year to 29.81% this quarter and credit unions experienced slight growth from 20.20% to 20.63%
About this update from Experian Plc
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