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.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.