Thanks to a turnaround in the housing market and an increase in jobs statewide, Georgia credit union members are feeling more confident about buying new and used vehicles.
According to data from the Georgia Credit Union Affiliates, new auto loans at Georgia credit unions increased 6.8% and used auto loans rose 5.5% in the first half of 2013.
The continued growth in auto lending is being fueled by Georgia's improving economy, the GCUA said, citing data from the Bureau of Labor Statistics and the Federal Housing Finance Agency purchase-only index.
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