Experian: Lower Rates Help Credit Unions Grab Q2 Auto Loans

Experian finds credit unions' share of auto loan originations in the second quarter sets a record going back at least to 2007.

By Jim DuPlessis | September 01, 2022 at 04:41 PM

Auto showroom with two people looking at new cars.

Offering lower interest rates was a major reason credit unions amassed a share of auto loan originations in the second quarter that set a record going back to at least 2007, an Experian analyst said.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
Exclusive discounts on ALM and CU Times events.
Access to other award-winning ALM websites including Law.com and GlobeSt.com.

NOT FOR REPRINT

A journalist for decades.

1 5 Credit Unions Appoint Chief Executives and VPs

2 Inside the Fight to Stop the Merger of Butler Heritage FCU

3 Concerns, Complaints Raised With NCUA in Fight to Stop CU Merger

4 16 Credit Union Professionals Receive New Roles & Recognitions

5 Thrivent Federal Credit Union to Merge Into Thrivent Bank

Credit Union Times Luminaries Awards 2024
November 07, 2024 - Orlando

This event shines a spotlight on the individuals, teams, projects and organizations that are changing the financial industry.
More Information
Real Estate
GlobeSt. Women of Influence (WOI) 2024
July 22, 2024 - Lake Tahoe

GlobeSt. Women of Influence Conference celebrates the women who drive the commercial real estate industry forward.
More Information
Consulting
Consulting Best Firms to Work For 2024
September 12, 2024 - New York

Consulting Magazine identifies the best firms to work for in the consulting profession.
More Information

Hopes Fading for 2024 Mortgage Rally

By Jim DuPlessis | June 27, 2024

Mortgage Bankers Association and Freddie Mac expect only modest gains this year as the Fed clutches to high interest rates.

Cox: Car Buyers Might Wait for Election

By Jim DuPlessis | June 26, 2024

It's still forecasting a slight rise in 2024 sales, but consumers are signaling they think prices will be better after November.

Navigating Correspondent Lending: Insights for Credit Unions

By Abbie Tidmore | June 26, 2024

CUs must be discerning in their choice of partners, proactive in managing relationships and vigilant in mitigating risks.

Navigating Correspondent Lending: Insights for Credit Unions

Rock-Solid Security Tips for Your Digital Banking Platform link

White Paper

Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
Exclusive discounts on ALM and Credit Union Times events.
Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now

Instant Insights /

Experian: Lower Rates Help Credit Unions Grab Q2 Auto Loans

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Jim DuPlessis

Dig Deeper

Trending Stories