The banking industry's run of dominance in automobile lending appears to be coming to an end.

That's because nonbank finance companies that pulled back during the recession are actively lending again — eating away at banks' market share by offering ultralow rates and stretching out loan terms to seven, eight, even 10 years.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.