Credit Unions Boost Auto Lending Market Share in 2003

The nation's credit unions showed their strength in the competitive auto lending marketplace in 2003, boosting their share from 14.1% in January to 17.6% at the end of the year.
Total vehicle sales in the U.S. hit 16.6 million units in 2003, down slightly from 2002 - but still quite strong by historical standards. Automakers spent a record $44 billion in 2003 on cash rebates and cut-rate financing and are now counting on an economic recovery, revamped product lineups, and better quality vehicles to bring in the sales (Detroit News).

 
 

The nation's credit unions showed their strength in the competitive auto lending marketplace in 2003, boosting their share from 14.1% in January to 17.6% at the end of the year.

 

 

 

Feb. 2, 2004


Comments

 
 
 
  • How was this information derived and/or calculated? In other words, how does one determine where a particular institution falls in obtaining market share?
    Anonymous
     
     
     
  • How can I get some information about sub primew lending? Interested in statistics such as average delinquency, loss and yield.
    Anonymous