Open Lending Blog | Auto Lending Trends (4)

Sep 29
1 min

Digital Transformation of the Car Buying Experience is Here

In coronavirus environment, digital has skyrocketed to the forefront of the car shopping experience, but it was moving that way prior to 2020....

Sep 29
2 min

How Contactless Car Buying Trends Affect Your Credit Union

Contactless delivery isn’t a new concept. People have been getting newspapers via contactless delivery for decades. According to a NASDAQ article,...

Sep 16
2 min

Follow the Trends to Find your Credit Union or Banks’ Future

As we came into 2020, things were looking pretty stable for auto lending. Late in the first quarter, Experian released its State of Automotive...

Aug 26
2 min

Post-Coronavirus Rebirth of Auto Lending

The economy was off to a great start at the beginning of the year, and auto lending has long been the bread and butter of credit unions. While auto...

Aug 14
2 min

Car Sales are Down – What’s Your Credit Union Doing About It?

In a recent report from US News, auto sales in the month of April were off 45% from the previous year, clearly due to coronavirus. During the same...

Jan 7
2 min

6 Steps to a More Profitable Auto Loan Portfolio in 2020

As we enter 2020, we’re still dealing with many of the challenges of 2019 in auto financing. The statistics are well known- auto loans are a...

Aug 29
2 min

5 Trends in Auto Lending You Can't Afford to Miss

July 2019 experienced a 1.8% decrease in auto sales versus a year ago, according to WalletHub.

That doesn’t mean it’s down for the count!...

Jul 12
1 min

Shifting Gears on Car Loans

Overall, auto lending is slowing, but that doesn’t have to be the case for your credit union!

Jun 27
2 min

5 Trends in Auto Lending to Give Credit Unions Hope

I watch the automobile lending market very closely for obvious reasons. There are so many moving parts, and I know as a former credit union...

Mar 12
1 min

Auto Lending Delinquencies Are Relative to Record Market

More than seven million borrowers were at least 90 days behind on their car loans at the end of last year, AutoRemarketing.com reported from a...