Graph of the Week: Auto Lending Market Share Nears All-Time High

See the increase in auto lending market share as a result of the Credit Union partnership with GM dealerships.

 
 



Auto

Credit Unions in Illinois, Indiana, Michigan and Ohio recently announced a partnership with 1,200 GM dealerships that will make $10 billion in auto loans available to credit union members for lower rates and with a price reduction on the vehicles. Following the national trend (19.5% of all U.S. auto loans came from credit unions), credit unions in these states are increasing their share of the auto lending market in 2008.

Source: Data from Experian Automotive; Callahan & Associates

 

 

 

Jan. 12, 2009


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