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.
Vehicles predating 2001 made up more than 28.3 of all vehicles on the road during 1Q2014.
Car loans with seven-year terms are becoming more of the norm as consumers yearn for lower monthly payments.
Seven-year terms becoming more of the norm and leasing also at new high.
Losses are lurking behind the spotlight of record auto lending activity.
Experian report says customers of finance companies driving hike, while total dollar volume in auto lending at record high.
Experian Automotive says electric car buyers have higher incomes and credit scores than hybrid buyers.
Between 50% and 70% of all new vehicle sales are leases. Learn how credit unions are tapping this market.