Nearly All Auto Lenders Gain a Hair of Share in Q3

Finance companies and others lose more loans and leases from Q2 to Q3 to credit unions, banks and captives.

By Jim DuPlessis | December 05, 2023 at 02:00 PM

Automotive Dealership Store. New and Pre Owned Vehicles in Front of the Showroom Building.

Credit unions gained strength in used car lending in the third quarter, while losing share of the number of new car loans and leases, according to an Experian report.

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Lending

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4 Loan Portfolios Shrink for Third Month in a Row

5 North Carolina's Coastal Credit Union Surpasses $5 Billion in Assets

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Loan Portfolios Shrink for Third Month in a Row

By Jim DuPlessis | May 10, 2024

America's Credit Unions report also shows total car loans fell from their year-ago level, another first since at least 2014.

Loan Portfolios Shrink for Third Month in a Row

Jovia Financial Launches Commercial Lending CUSO

By Natasha Chilingerian | May 08, 2024

The CUSO serves small financial institutions nationwide, with exclusive services for those in the New York City Metro area.

Jovia Financial Launches Commercial Lending CUSO

Credit Unions Still Gaining in Consumer Loans

By Jim DuPlessis | May 08, 2024

But the pace of balance growth is slowing for credit unions, and for all lenders auto loan growth is the slowest in years.

Credit Unions Still Gaining in Consumer Loans

FAQs: Using Data for Predictions in Credit Unions link

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