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Home » Low rates boost credit union auto finance market share

Low rates boost credit union auto finance market share

Credit unions held 27% of total auto lending share in Q4

Amanda HarrisbyAmanda Harris
March 9, 2023
in Risk Management
Reading Time: 3 mins read
0
Low rates boost credit union auto finance market share

© Can Stock Photo / welcomia

Credit unions led the auto finance market in the fourth quarter, driven by competitive interest rates for new and used loans.  “When you’re looking at the rates by the other lender types, it’s difficult to beat a credit union rate,” Melinda Zabritski, senior director of automotive financial solutions at Experian, told Auto Finance News.  Credit […]

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Tags: auto outstandingscredit unionExperianmarket sharePremium
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