Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CUs banks overtake captives in auto financing
MADISON, Wis. (3/15/10)--Credit unions and banks have emerged as some of the winners in auto financing, according to Experian Automotive’s AutoCount ranking. Lenders in credit union categories increased their share of outstanding auto loans. Credit unions’ portfolios jumped 1.2% to $149 billion in 2009 (Automotive News March 11). Credit unions and banks received the “upper hand” because of frozen credit markets, and they had better liquidity than some captives and independent finance companies, the newspaper said. The top auto lenders in the U.S. and their market share in 2009 were:
* Chase Auto Finance, 6.75% market share; * Toyota Financial Services, 6.14%; * Wachovia Dealer Services, 4.3%; * American Honda Financial Services, 4.26%; * GMAC Financial Services, 3.7%; * Ford Motor Credit Co., 3.46%; * Nissan Infiniti Financial Services, 2.29%; * Bank of America, 1.99%; * BMW Financial Services, 1.84%; and * Capital One Auto Finance, 1.76%.
Other Resources

RSS print
News Now LiveWire
September is National Preparedness Month. Read how your CU can get ready in #NewsNow #NPM @AgilityRecovery @Readygov
11 hours ago
Bay Area #creditunions featured in @SFBusinessTimes article http://t.co/SE7W81Ulia
13 hours ago
#NewsNow: 8 CU advisory board, new senior leaders named at @CFPB. http://t.co/EPKgHEDRRN
14 hours ago
#NewsNow: @FTC warns of government impostor scams. http://t.co/MMWBOcrqwJ
15 hours ago
Registration open for @CUNAMutualGroup's Discovery Conference #NewNow http://t.co/CATF0j9ct1
15 hours ago