Georgia members are opting to keep their current vehicles longer rather than pay for a new or used automobile.
According to a new poll from the Georgia Credit Union Affiliates, 77.1% of respondents are staying put for now. Still, 13.2% said they plan to purchase a vehicle in 2011 and 16.4% indicated they were considering a new vehicle. New vehicle loans grew by 0.52% during the first quarter, but decreased by 4.08% over the past year in Georgia.
The GCUA's “Georgia Credit Unions' Paying Attention” report compiled recent poll responses from more than 4,000 members and aggregated data from credit unions statewide.
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