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Loan originations grow
by as much as 30 percent |
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As new auto lending volumes grew 18.7 percent from Q3 2009 to Q3 2010, captive lenders and banks captured the large majority of the new originations growth. Year–over–year lending volumes for banks increased 25 percent, while captive auto lending volumes grew by 30 percent. At whose expense did this growth occur? Credit union lending decreased 5 percent over the same time period.
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To hear more credit trends from Q3 2010, view a recent Webinar, Unique insights on consumer credit trends: Highlights from the Q3 2010 Experian–Oliver Wyman Market Intelligence Report.
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