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Credit Union Auto Lending Cruising in 2018

Credit Union Auto Lending Cruising in 2018

Remember late last year, when auto loans were predicted to drive 2018 total credit union loan growth at a rate of 9.5 percent? Some doubted credit unions would achieve that growth rate, especially after a number of industry experts forecasted a 2.3 percent reduction in 2018 new car sales. The post-recession boost in new car…

The Auto Lending Road Is Wide Open For Credit Unions

The Auto Lending Road Is Wide Open For Credit Unions

Published in Auto Lending

We’ve seen the headlines reporting that auto sales are in decline and are expected to recede over the next couple of years.  At first glance, the news may seem unsettling.  As of July 31, new auto sales had fallen 7% from a year earlier to 1.42 million vehicles, according to Autodata Corp.  But, is there…