Which state posted the greatest increase in new auto loan market share?

 
 

New auto loan balances surged 8.6% at credit unions in 2012. New vehicle sales in the second half of 2012 were the strongest since 2009, as consumers traded in older vehicles for new ones.

Credit unions in almost every single state increased their new car loan origination market share in 2012 (only Montana posted a decline). Utah credit unions increased their market share the most, rising from 19.9% to 27.8%. In second and third place were Idaho and Iowa, with 6.1 and 4.1 percentage point changes, respectively. Idaho credit unions also had the highest new auto loan origination market share in 2012, granting nearly one-third (31.9%) of all new vehicle loans in the state during the year.

NEW AUTO LOAN MARKET SHARE
DATA AS OF DECEMBER 31, 2012 | www.creditunions.com

State Change In Market Share 2012 Market Share 2011 Market Share
Utah 7.9% 27.8% 19.9%
Idaho 6.1% 31.9% 25.9%
Iowa 4.1% 17.0% 12.9%
Michigan 4.0% 14.4% 10.4%
New York 3.4% 11.9% 8.4%
Arizona 3.1% 11.7% 8.5%
Washington 3.1% 28.6% 25.5%
Colorado 3.1% 25.3% 22.2%
New Hampshire 3.1% 12.9% 9.8%
Indiana 3.0% 15.9% 12.9%


SOURCE: AutoCount Data from Experian Automotive; Callahan & Associates

 
 

March 15, 2013


Comments

 
 
 
  • This shows only 10 states-where are the rest?
    Anonymous
     
     
     
  • Only 10 states? Where are the rest?
    Anonymous