Competitive Landscape — Captive vs. Bank Lenders

TFS retook the #1 spot in US auto finance from Ally Financial in 2024, with GM Financial in second and Ally dropping to third. This module breaks down the competitive landscape — captives (TFS, GM Financial, Ford Credit, American Honda Finance) vs. banks (Chase Auto, Capital One Auto Finance) vs. independent finance companies — and explains why TFS's structural position matters.