Economic Update: New Auto Lending Dashboard, data analytics walkthrough

Credit unions make a lot of auto loans – and a new tool provides insights into that consumer impact.  This month’s Economic Update highlights the  data analytics available on America’s Credit Unions’ website, and how credit unions can use the available information.  Senior Economist Ligia Vado walks viewers through the Dashboard Analytics page and presents an in-depth introduction of the new Auto Lending Dashboard.

“Auto loans are a cornerstone of credit union lending,” Vado said.  “We all know about the credit union difference especially in the auto lending market. Credit union auto loans are the most affordable and stable in the market, and as a result, credit unions’ members experience the lowest delinquencies, showing members’ superior financial resiliency. This tool brings that to life.”

The Auto Lending Dashboard presents the latest data on outstanding auto loans, loan pricing, delinquency rates, and much more. The data is updated monthly with Equifax’s analytics dataset, providing a comprehensive real-time view of the market. See the data here.