Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Products
Autoland Reports 17% 1Q Sales Increase
CHATSWORTH, Calif. (5/14/13)--Autoland Inc. reported a 17% year-over-year increase in first quarter sales with credit union members continuing to take advantage of available credit to replace aging vehicles, the Chatsworth, Calif.-based auto buying service said.

As a result of the sustained purchase behavior, Autoland's first quarter profitability increased 29% over the same period last year.

Direct loan volume to credit union partners also improved by 21%, with the credit union service organization's auto loan retention rate increasing to a combined 85%.

"As more partners recognize the value in having our service operate as an extension of their lending department, we're able to service more of their members and retain the financing at a greater rate for the credit union." said Jeffry Martin, Autoland president.

Autoland continues to expand its partner base, Martin said. "We'll remain focused on expanding our service to markets in California, Washington and Oregon, but interest in Autoland from credit unions in other states remains high," Martin said. "We'll look to grow our service footprint into new territories as we determine it feasible to do so."
RSS





print
News Now LiveWire
The U.S. Court of Appeals restored NCUA lawsuit v. Barclays Capital that charged misrepresenting quality of $550M IN RMBS. See News Now Wed.
13 hours ago
Registration is now open for the online livestreaming of @TheNCUA March 19 open board meeting. http://t.co/yOuqdXHlxj
17 hours ago
Registration is now open for online viewing of @TheNCUA's March 19 board meeting. https://t.co/mMZoXSFjMe
18 hours ago
.@CFPB Director Richard Cordray's testimony that he will deliver before the #HFSC this afternoon. http://t.co/NA1aEOPAeh
19 hours ago
Consumer spending flatlines, savings ramp up #Market #NewsNow http://t.co/94kPuBpMRK
20 hours ago