One in four vehicles sold are being financed by credit unions, which represents a 20% year over year increase, CU Direct Market Research Analyst Jose Torres said in a May 3 webcast.
New car sales are expected to reach 17.7 million in 2016, Torres said, noting that represented a 3.3% increase compared to last year.
In addition, more than one in four credit union members have auto loans, he said.
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