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.
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.
Auto loan portfolios accounted for nearly half of all credit union loan growth in 2013.