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 sales up 16
CHATSWORTH, Calif. (6/6/12)--Autoland Inc. posted positive first quarter earnings with a 16% sales increase over first quarter 2011, said the auto buying credit union service organization. Autoland's lead volume rose 27%, which means it is on track to exceed its second-quarter sales forecast.

Autoland attributed the increase to car buying demand. It also added new credit union partners and expanded service presence to more key locations in California and Oregon, said Jeffry Martin, Autoland Inc. president.  The increases help better position Autoland for taking advantage of a projected 13% increase in car sales this year, Martin said.

The company has added 11 new credit union partners during the past seven months and serves more than 200 credit unions nationwide.

"The good news is that credit union membership continues to rise--667,000 for the first three months of 2012-- and with it, more opportunities to finance member automobile purchases," said Martin. "The demand is there on both sides, and we're servicing that demand by getting the vehicles members want while retaining the financing for our credit union partners at a rate of 82%."

Martin noted its partners have seen their loan dollars through Autoland increase this year by an average of 40%.


RSS





print
News Now LiveWire
CUNA: CUNA offices closed through Friday, News Now returns Monday http://t.co/a5xbLzQKDj
12 24 ago
Reminder: @CUNA's Madison, D.C. offices will be closed through Friday, open again on Monday. #NewsNow will publish Monday.
12 23 ago
MI dentist to match @CUDirect's $20K to @HurleyMedical as a result of #20for20 online voting http://t.co/hqmIc9LpK1 @CMNHospitals
12 23 ago
New #creditunion chartered in St. Louis - #LutheranFCU - by @TheNCUA http://t.co/faPfANGS0P. Only 3rd new FCU charter this year.
12 23 ago
Don't get hacked during the holidays-use these tips from @CUNA http://t.co/jEqxni6NhO #StoptheDataBreaches http://t.co/woIxPOIyys
12 23 ago