Economic and CU Monitor (Special Topic: Vehicle Sales) - January 2016

This month's special topic: 

Vehicle sales

Credit union loan growth in 2015 is on pace to top 10 percent, and auto lending has been a major factor. As of September, vehicle loan growth accounted for 44 percent of total loan growth over the past 12 months. It isn’t just credit unions that are benefitting either, as the entire automobile industry is booming; 2015 was the best year on record for light vehicle sales. While current levels of growth are unlikely to be sustained over the long term, demand for auto loans projects to be strong again in 2016.


NAFCU's Economic and CU Monitor is a NAFCU member-only monthly report of the latest macroeconomic and financial trends affecting today's credit unions, including trend data among NAFCU member credit unions.

 

 

 

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