When NBA legend Larry Bird would enter the league’s three-point shooting contest, he’d confidently ask: Who’s playing for second place? According to Experian, when it comes to new-vehicle auto originations right now, captive lenders are Bird and banks and credit unions are playing for second place. Efforts to slow the …
Read More »0% finance deals boost Detroit 3 captive share
Aggressive incentives didn’t prevent new-vehicle demand from falling by double digits in March, but J.D. Power believes they allowed the Detroit 3 to take their largest slice of new-vehicle sales since 2006. Since launching a wave of incentives that includes 0 percent interest rates on seven-year loans, the Detroit 3 …
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