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Auto showroom with two people looking at new cars. Auto showroom. (Source: Shutterstock)

Cox Automotive predicted May’s new car sales will be strong when the month ends over the Memorial Day holiday, but not quite as strong as April’s stellar performance.

But how much of the sales will show up as loans on credit union balance sheets is uncertain: CUNA Mutual Group’s Credit Union Trends Report released Thursday showed credit unions held $137.6 billion in new car loans as of March 31, down 6.5% from a year earlier. Used car loans rose 4.8% to $244.1 billion.

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Jim DuPlessis

A journalist for decades.

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