Automotive Dealership Store. New and Pre Owned Vehicles in Front of the Showroom Building. Credit/AdobeStock

With the automotive finance market continuing to fluctuate over recent years, it seems credit unions remain resilient in the used vehicle space.

Experian's "State of the Automotive Finance Market Report: Q3 2023" showed credit unions continue to capture the largest share of the used vehicle market at 30.30%, a slight dip from 32.03% in Q3 2022. They were followed by banks at 27.31% – a decrease from 28.23% last year – and captives at 9.60%.

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