U.S. Banks' Loans Paving The Way For Auto Purchases

Auto loan originations hit a 10-year high in the second quarter, which means numerous banks and credit unions have been capturing business in this fast-growing sector. Sageworks, a financial information company, analyzed banks of various sizes (those with more than $10 billion in total assets and those with less than $10 billion) to identify banking leaders in aggregate auto lending, which first topped $1 trillion in the second quarter.