A mid-year review for credit unions reveals several opportunities to gain auto lending market share versus banks and captive lenders. Leveraging their traditional position offering competitive rates and personalized service, auto loan portfolio managers should focus on aggressive pricing and strong member-focused strategies to make significant gains in vehicle financing market share.
Tag: credit unions
The recent Federal Reserve Beige Book offered an interesting perspective for the auto lending market. Uncertainty around trade policy was pervasive across all 12 districts, with the majority showing flat to down growth. Non-auto consumer spending was lower overall – but most districts saw moderate to robust sales of vehicles.
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Combat Lending Fraud with Training
Point Predictive released its 2025 Auto Lending Fraud Report, revealing some startling data. In 2024, lenders’ estimated fraud loss exposure reached approximately $9.2 billion – an increase of 16.5% year over year. First-party fraud accounted for 69% of all auto lending risk. While these numbers are alarming, the good news is that your best defense is your employees. Your job is to ensure they are up to date on their training.