Credit Unions Remain Major Contributors to Auto Finance Industry Growth

Credit unions continued to experience higher growth in the automotive finance market than all other lender types in Q3 2018.

By Melinda Zabritski | January 18, 2019 at 09:00 AM

While it may seem like déjà vu, credit unions continued to experience higher growth in the automotive finance market than all other lender types in Q3 2018. Credit unions maintained double-digit growth (12.11%) in lender market share. But, what makes the trend more remarkable is that total automotive loan balances only grew 4.7% from a year ago.

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