Credit unions should heed warning signs that auto sales, which have been humming along at a fast pace recently, may slow significantly later this year and in 2017, economist Brian Turner said.
"People just aren't willing to step up and buy a new car every two years," Turner, president of Meridian Economics, a Plano, Texas-based firm, said.
Still, credit unions shouldn't panic, Turner said.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.