Share 'Captives advance on leasing, new-car loans'
Captives advance on leasing, new-car loans
September 4, 2013 - 12:01 am ET
Captive finance companies picked up share in the second quarter, buoyed by a rise in leasing -- a lending area they dominate - and gains in new-vehicle loans.
Captives had the biggest share of new-vehicle loans in the quarter, and banks were No. 2. A year earlier, the opposite was true.
"The captives clearly have a st…
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