One in 17 consumers open at least one bank card account this year.
LAS VEGAS — Neutral stance on spending, ramp-up in housing construction among reasons for positive forecast.
Credit unions fare the worst compared to other lenders in 30-day and 60-day delinquency increases.
Total credit union auto loans outstanding tops $191 billion in the second quarter.
At $25 billion, credit unions ahead of finance companies in year-over-year quarterly loan volume.
Losses are lurking behind the spotlight of record auto lending activity.
Experian Automotive says electric car buyers have higher incomes and credit scores than hybrid buyers.
More than half of big ticket purchasers were surprised by their credit scores and rates.
Thirty-day delinquencies decreased from 2.72% in Q4 2012 to 2.63% in Q4 2013. Outstanding auto loan balances increased 11% during same period.
“Households Without a Light-duty Vehicle” from University of Michigan's Transportation Research Institute says decrease in the last few years means motorization already peaked.