Market Share of United States Car Loan Industry
The competition in the United States car loan market is extremely fragmented. Banks hold a majority share in the lending space for New Vehicles, and Captives dominate the Used Vehicle segment. Car dealerships themselves frequently offer financing options through partnerships with various lending institutions. This can provide customers with convenient one-stop shopping. The following are prominent players in the market: Ally Financial Inc., Bank of America Corporation, Toyota Financial Services, Capital One Financial Corporation, Ford Motor Credit Company, etc.
United States Car Loan Market Leaders
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Ally Financial Inc
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Bank of America Corporation
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Toyota Financial Services
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Capital One Financial Corporation
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Ford Motor Credit Company
*Disclaimer: Major Players sorted in no particular order
