Credit unions slightly increased their share of auto lending from the first quarter basement to the second quarter, according to the latest Experian report.
But while the gain was tiny, the fact that it broke a streak of declines is a ray of sunshine.
Experian's State of the Automotive Finance Market for the second quarter released Sept. 5 showed credit unions originated 23.1% of the number of new and used car loans in the second quarter, down from 25.7% a year earlier but up from 22.9% in the first quarter.
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