ONTARIO, Calif. (12/19/11)--CUDL, an auto-lending credit union service organization and administrator of the nation's largest auto lending network for credit unions, will represent its credit union partners at the National Automobile Dealers Association (NADA) Convention for the ninth consecutive year.
The convention takes place Feb. 4-6 in Las Vegas.
During the convention, CUDL will promote its growing credit union network and the benefits of a strong credit union and dealer alliance.
CUDL also will showcase the suite of solutions and opportunities it offers dealers, including: accessing members who have been pre-approved for auto loans; to displaying inventory to CUDL credit unions and their members through the CUDL AutoSMART vehicle shopping website; and offering aftermarket products that help dealers increase profits.
These, and other services, can be accessed through CUDL's advanced Dealer Portal site, which it premiered at last year's NADA convention.
The largest event for automobile dealers in the U.S., the NADA convention draws attendance from about one-third of U.S. dealerships. NADA represents roughly 20,000 franchised new car and truck dealers holding nearly 43,000 separate domestic and international franchises.
Credit union auto-lending monthly market share has grown from 15.2% in March to 17.3% in October, with year-to-date market share of 16.9%. That equals credit unions' pre-downturn market share in 2007.
CUDL has grown its national auto lending network in 2011 to include more than 8,000 dealerships and 970 credit unions, serving 28 million members nationwide.