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Enterprise Car Sales’ Six-Month Report Shows Strong Growth in Credit Union Auto Loan Volume

Posted on August 23, 2013

 

Customized member programs, “Perfect Used Car Package” help drive member purchases

ST. LOUIS, MO (August 23, 2013) – As a strong sign of the nationwide economic recovery, Enterprise Car Sales has announced a nearly 20 percent increase in used-car loan volume with its credit union partners for the first six months of 2013 compared to the same time period in 2012. From January through June 2013, Enterprise Car Sales has generated $224 million in loan volume to more than 12,000 CU members.

Mark McAndrews, assistant vice president of Enterprise Car Sales, credits its CU partners for doing an exceptional job of generating more leads, sales and loan volume. Ongoing CU programs and activities such as monthly co-op promotional offers exclusively for CU members have had a positive impact on results.

“Enterprise Car Sales and credit unions share a commitment to customizing programs geared to member buying habits,” said McAndrews. “These results show the mutual benefits of working side-by-side with credit unions as strategic business partners in local communities nationwide.”

In addition to Enterprise Car Sales’ “Perfect Used Car Package,” which features a 12-month/12,000 mile limited powertrain warranty for every used car purchased, CU members appreciate Enterprise’s trademark no-haggle pricing and guaranteed seven-day or 1,000 mile repurchase policy, as well as a 109-point inspection performed by an ASE-certified technician.

McAndrews added that Enterprise Car Sales anticipates that demand for great quality used cars at great prices will continue to drive used car loan increases at credit unions through the remainder of 2013.  “We look for a strong second half of the year, and we pride ourselves on sending our credit union partners’ members back to them for financing 100 percent of the time,” he said.

About Enterprise Car Sales
Enterprise Car Sales, which has sold more than one million used cars, has more than 130 U.S. locations. Its tailored used-car buying programs create opportunities for credit unions to increase their used-car loan portfolio and optimize member loyalty. As a result of partnering with credit unions during the past 30 years, Enterprise Car Sales has helped generate almost $10 billion in loan volume for more than a thousand credit unions nationwide.

For more information about how Enterprise Car Sales partners with credit unions, visit http://www.enterprisecarsales.com/perfectpartnership or e-mail David Jung at david.j.jung@enterprisecarsales.com

 

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Robyn Frankel
Frankel Public Relations
Toll free: 1-877-863-3373
314/863-3373
rfrankel@frankelpr.com

Ned Maniscalco
Enterprise Holdings
ned.maniscalco@ehi.com
 
 
 
 
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