There are more signs that consumers are back at the dealerships where they're not only buying new vehicles but signing leases as well.
With sales of domestically produced vehicles totaling 11.96 million units in May, last month performance was the best May on record in more than five years, according to Brian Turner, chief strategist for Catalyst Strategic Solutions, an investment subsidiary of Catalyst Corporate Federal Credit Union in Plano, Texas.
While May's total sales were up 100,000 units from April, Turner said the figure is 200,000 less than the annualized pace for all of 2012. Still, credit unions have noticed the uptick in financing.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
