Autoland Reports Most Profitable Year on Record in 2012
March 14, 2013
March 14, 2013
Citing increased business referral volume from an expanded partner base and sustained car buying demand, Autoland, Inc. posted a year-over-year net profit increase of 174 percent in 2012. The credit union service organization (CUSO) also raised its auto-loan-to-vehicle-sale retention rate to a combined 82 percent, driving $93.2 million in auto loans to credit union partners.
“2012 was an excellent year for Autoland,” said Autoland President Jeffry Martin. “We exceeded our sales forecast, added significant credit union partnerships, expanded in-house office locations and retained more direct loans for our partners than ever before.”
The most recent credit unions to offer the Autoland service are Pacific Marine Credit Union in San Diego, Calif.; Southland Credit Union in Los Alamitos, Calif.; and Yolo Federal Credit Union, Woodland, Calif.
“Year-to-date, we’ve already added three new Credit Union relationships and with light-vehicle sales projected to rise by one million units this year, we’re positioned to service an even greater number of members in 2013,” Martin said.
Moving forward, Autoland plans to continue driving auto loans to credit unions, working to capitalize on a strengthening market.
“Auto loan portfolio growth remains a priority for our partners this year, particularly in the new vehicle finance market,” Martin said. “With sustained car buying demand, the competition for member loans and aftermarket product sales will be fierce. Autoland’s expertise in retaining this business will be essential to the success of our partners reaching their 2013 loan goals.”
Generating Loan Growth and Enhancing Member Service with Autoland
Join us for a free lunch-and-learn meeting hosted by Autoland, the Northwest Credit Union Association’s (NWCUA’s) preferred auto-buying partner, on March 29 in Seattle. Find out why credit unions of all sizes trust Autoland to help them achieve both their strategic and loan goals, and how Autoland generated almost $100 million in direct auto loans for their credit union partners in 2012 alone.
Three Reasons to Attend:
- The auto industry is expected to sell 15.4 million vehicles in 2013, and today’s tech-savvy car buyer has new demands and many options when searching for his or her next car loan.
- The banks and captives are getting even more aggressive in 2013. They want your loans.
- Autoland generated almost $100 million in auto loans in 2012 and more than $1.8 billion in sales for its partners in the past 10 years using leading technology solutions. Learn how a strategic partnership with a cutting-edge auto-buying service can help you achieve your strategic goals in 2013 and beyond.
What: NWCUA & Autoland Lunch and Learn – Your key to generating direct auto loans
When: March 29, 2013, from 1–2:30 p.m.
Where: Seattle Metropolitan Credit Union (801 3rd Ave., Seattle, WA 98104)
Autoland is a credit union-owned cooperative, operating on the principle of people helping people since 1971. Since expanding to serve credit union members in the Northwest in 1998, Autoland has delivered high-quality, direct loans to credit union partners, helping them differentiate themselves by offering members an incredible auto-buying experience with industry-leading technology.
Autoland’s one-stop automotive solution has a customizable suite of products, including in-house consultants, cutting-edge web tools, a new and pre-owned vehicle purchasing service, trade-ins, aftermarkets, marketing and staff promotions, and more… all at no cost to the credit union!
From its humble beginnings, Autoland has grown to become the nation’s largest credit union auto-buying service, delivering thousands of cars annually while driving direct loans and relationships, one member at a time.
Strategic Link is the NWCUA’s wholly-owned service corporation, providing the Association’s member credit unions with exclusive high-quality, competitively-priced products and discounted services. To learn more about how the Association’s partnership with Autoland can benefit your credit union, contact Sales and Marketing Associate Craig Reed: 206.340.4789, firstname.lastname@example.org.