CARY, N.C. -

As part of Auto Remarketing’s Top 100 Used Car Dealers: Independent Edition, we highlight some of the leading lenders in the space.

The Top Used-Car Lenders Among Independent Dealers ranking is based on data from  Experian Automotive, which includes the top 20 lenders with the greatest share of used-car loan origination units among  independent dealers in 2018. ­

The Experian data includes dealers in 33 states.

The top 20 rankings can be found below, with each lender and their respective share of independent dealer used-car financing in 2018.

1. CARMAX AUTO FINANCE 4.95%

2. CAPITAL ONE AUTO FINANCE 3.54%

3. CREDIT ACCEPTANCE CORP. 3.36%

4. WESTLAKE FINANCIAL SERVICES 3.19%

5. ALLY 2.69%

6. WELLS FARGO AUTO FINANCE 2.66%

7. BRIDGECREST ACCEPTANCE CORP. 2.06%

8. SANTANDER CONSUMER FINANCE 1.57%

9. NAVY FCU 1.27%

10. USAA FEDERAL SAVINGS BANK 1.09%

11. CNAC 0.80%

12. AMERICAN CREDIT ACCEPTANCE 0.78%

13. CHASE AUTO FINANCE 0.71%

14. EXETER FINANCE CORP. 0.65%

15. LOBEL FINANCIAL 0.62%

16. CARVANA LLC 0.62%

17. TD AUTO FINANCE 0.56%

18. STATE ECU (NC) 0.50%

19. BANK OF AMERICA 0.48%

20. MECHANICS BANK 0.48%

SOURCE: Experian Autmomotive. Data is based on Top 20 lenders with the greatest share of used-car loan origination units among independent dealers in 2018. Data includes dealers in 33 states.
 

The June 15 print and digital edition of Auto Remarketing is the second in a two-part series and focuses on independent dealers.

Beyond the lender rankings above, we also highlight some of the strongest used-car selling franchised dealerships n the country. The dealer rankings data in this report is courtesy of Dominion Cross-Sell, which collects the information via state departments of motor vehicles.