ONTARIO, Calif.–CU Direct will host an Auto Lending Trends webinar on Oct. 8 at 11:00 AM PDT / 2:00 p.m. EDT.
“Auto loans have hit the $1-trillion mark in outstanding balances for the first time in U.S. history,” noted CU Direct. “Credit unions continue to maintain their strong presence in the auto lending marketplace, growing market share to 19.6% in June of 2015, up from 18.8% last year at this time. Meanwhile, CU Direct partner credit unions have also experienced 16.7% growth through the mid-year point of 2015, and as an aggregate remain the third-largest lender in the nation.
“Further, indirect auto lending volumes have surpassed direct lending for the first time in history for credit unions, with indirect lending increasing 22.2% over the past 12 months, while direct lending has increased 10.3%. Our next web event will provide in-depth analysis of credit union performance in the auto lending marketplace, how credit unions faired vs. major lending institutions within the auto lending arena, and will highlight the latest trends and issues faced by the automotive industry. The webcast will also shed light on what to expect from the auto lending marketplace in the fourth quarter of 2015,” the company said.
Special guest presenter Paul Metrey, chief regulatory counsel for the National Automobile Dealers Association, will be shedding light on the latest issues surrounding CFPB regulations and Disparate Impact in the auto lending space.
Topics will include:
- Auto Lending Trends, including credit union auto lending market share.
- Peer Analysis: Credit Unions vs. Banks, Captives and other financial institutions.
- Auto Manufacturer & U.S. Vehicle Sales Summary
- Latest insight on how CFPB regulations, including disparate impact, are affecting/changing the auto finance marketplace.
- Current status of Disparate Impact in light of recent news about the Supreme Court decision, the House’s stance against CFPB, and backlash from the Wall Street Journal and other industry groups.
- Insight to the recent Honda settlement and the CFPB’s push to force lenders to continue rate mark-ups but to reduce the amount.
- What can credit unions do to help dealers and be the “white knight” in the indirect lending marketplace and service delivery
- For info: www.cudirect.com.