Auto loans and leases outstanding surpass $1.3 trillion in second year, Big Wheels reports

Vehicle outstandings will exceed $1.3 trillion in 2022 for the second year in a row, even as leasing fell to its lowest level since 2011 due to limited inventories and declining incentives.

captives and banks recorded the biggest declines, while credit unions increased by 12.6% year-on-year, according to the report. Big Wheel Auto Financial Data 2023on sale today.

Reporting is the next service. auto finance news.

Toyota Financial Services maintained its #1 position as the largest lender by assets under management, up from $100.5 billion in 2021 to $98.8 billion.

Ally Financial jumped GM Financial Aim for second place. chase auto and Capital One Auto Finance They secured 4th and 5th place respectively.

of big wheel car financial data report It has been published annually since 1999. This is the only national ranking of the top 100 U.S. auto financiers by outstanding performance and founder.