Study shows auto loan balances increasing

May 30, 2012 by josephine.munis

Outstanding automotive loan balances were at $708 billion in Q1 2012 – a figure last seen two years ago. Banks and captive auto lenders hold two-thirds of the outstanding balances (34 percent and 33 percent respectively), while credit unions hold 21 percent.

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Source: Experian-Oliver Wyman Market Intelligence Reports.