After experiencing monthly market shares ranging from 18% to 24% just prior to the recession, credit union auto loan programs may be returning to those record figures.
That's according to a new white paper, “Successful Indirect Auto Lending Programs Build on Credit Union Strengths in Relationship and Portfolio Management,” from CU Direct Corp.
The lending services CUSO found that once automotive lending started to recover in 2010 and 2011, with finance companies, captives and banks re-entering the automotive lending market, credit union auto loan market share began to return to more normal, pre-2008 levels of 17% to 18%.
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