Enterprise Car Sales Drives $380 Million in CU Auto Loan Volume
Enterprise touts relationships with credit unions, claims to have generated more than $380 million in loan volume for credit unions through used-car sales in 2012.
ST. LOUIS — Enterprise Car Sales, which specializes in working with credit unions of all sizes to increase auto loan volume, generated a total of more than $380 million in loan volume for credit unions through used-car sales to more than 23,000 CU members during the 2012 calendar year.
The loan volume generated is 15 percent higher than the previous year. In an independent research study commissioned by Enterprise Car Sales to determine the relative consumer appeal of a variety of car-buying incentives, respondents expressed greater interest in vehicle-related offers such as warranty protection than in promotional items such as high-definition TV sets. Enterprise Car Sales offers a “Perfect Used Car Package,” which features a 12-month/12,000-mile limited powertrain warranty for every used car purchased.
“For more than 30 years, our relationships with credit unions have continued to grow stronger and more productive,” said Mark McAndrews, assistant vice president of Enterprise. “We’ve shared the most success when credit unions consider us a part of their overall auto strategy.”
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