3 Facts About Credit Union Auto Lending In First Quarter 2014

Credit unions are benefitting from the low rates and improved confidence that are prompting consumers to purchase cars.

Credit Union Market Share Of Auto Loan Originations
Data as of March 31, 2014
Callahan & Associates | www.creditunions.com

Credit unions captured 15.3% of the auto loan market in the first three months of 2014 compared to 14.3% in first quarter 2013.

gow-8-4-13

Source: AutoCount Data from Experian Automotive

YTD Percentage Change In Credit Union Auto Loan Market Share
Data as of March 31
Callahan & Associates | www.creditunions.com

Thirty-four states captured greater market share in the first quarter of 2014 compared to the first quarter of 2013.

STATE PERCENT CHANGE STATE PERCENT CHANGE
AR 64.4% WI 6.5%
GA 20.8% ME 5.6%
IN 20.2% NY 5.0%
LA 18.5% IA 4.9%
NH 18.1% SD 4.9%
ID 17.1% IL 4.8%
NV 16.6% NM 3.5%
FL 16.4% WV 3.3%
WA 15.1% CO 3.2%
NE 13.3% AL 1.4%
OH 10.7% UT 0.6%
KY 10.5% TX 0.0%
MD 10.4% SC -0.1%
CT 10.2% AZ -0.8%
MO 10.0% MA -4.8%
TN 10.0% MS -4.9%
OR 9.4% NJ -5.1%
VA 8.7% MT -5.4%
CA 8.5% MN -7.7%
PA 8.3% VT -7.8%
NC 7.4% HI -12.0%
MI 6.9% ND -14.0%

Source: AutoCount Data from Experian Automotive; Callahan & Associates

New And Used Auto Loan Balances
For All U.S. Credit Unions | Data as of March 31, 2014
Callahan & Associates | www.creditunions.com

Source: Callahan & AssociatesPeer-to-Peer Analytics

August 4, 2014

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