The automotive sector could be one of the economy’s worst-hit victims if the fiscal cliff is not resolved by the end of 2012, according to research firm IBISWorld.
At 14.6 million, the total number of auto loan originations from January to August 2012 is at its highest mark since 2007.
Building on a partnership that has spanned many years, CU Direct Connect LLC said it is now a preferred lender for all AutoNation dealerships in Colorado.
A combination of less-generous rate incentives from new vehicle sellers and aggressive rate pricing is accelerating the growth of new car loans at credit unions.
Analysis from CUNA Mutual Group’s October Credit Union Trends Report reveals factors that contributed to 4.1% annual new vehicle growth as of August.
Pennsylvania credit union wraps up promotion with gas giveaway and nearly 1,000 new auto loan applications.
Vehicle lending CUSO CU Direct Connect said its funding volume and unit/share book value have been on an upswing this year.
The $3.25 billion Kinecta Federal Credit Union among the latest cooperative in the Golden State to sign on with cuautocoupon Inc.
Equifax economist says average age of cars on road is now the highest ever recorded.
A sustained demand for new cars has helped Autoland Inc. post positive earnings through August, the auto buying CUSO said.