In first quarter 2012, credit unions had 16.7% market share compared to 15.5% for finance companies, 10.7% at buy here/pay here lots.
Demand for new cars and light trucks pushed auto loan originations to $69.6 billion in January and February, most since 2009.
For their loan practices and success in 2012, four credit unions were recently recognized by CU Direct Corp.
Henderson, Nev., facility has showroom that can accommodate up to 200 vehicles and is nearly 10 times the size of its predecessor.
That two-door hatchback with the spiffy, cushy interior bought back in 2003 may be on its last wheels.
Interest rates may not be as important as response to potential borrower. (Check out the graphic at the bottom!)
The Chatsworth, Calif.-based CUSO said its first quarter profitability increased 29% over the same period last year.
The $565 million credit union in Dubuque, Iowa, has introduced the AskAuto app, designed to make shopping for a car and applying for a loan easier.
Company settles for $3.5 million; two senior executives agree to pay $135,000.
Partners launch new member auto research and buying website for Canadian market.