Credit unions will need to work harder to gain market share in the automotive loan market this year as the growth rate of car sales slows and more buyers choose to lease.
CU Direct reports leases accounted for 32% of new vehicles so far this year, compared to 27% in 2015.
New car sales are expected to reach 17.7 million in 2016.
Learn how credit unions can prepare for the anticipated slowdown in auto sales.
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