Enterprise Car Sales, which specializes in working with credit unions of all sizes to increase auto loan volume, said it generated a total of more than $380 million in loan volume for credit unions through used-vehicle sales to more than 23,000 credit union members during 2012.
Officials indicated the loan volume generated is 15 percent higher than the previous year, reflecting Enterprise's ongoing efforts to identify and meet the requirements of its credit union partners and retail customers.
For example, in an independent research study commissioned by Enterprise Car Sales to determine the relative consumer appeal of a variety of buying incentives, respondents expressed greater interest in vehicle-related offers such as warranty protection than in promotional items such as high-definition TV sets.
Mark McAndrews, assistant vice president of Enterprise Car Sales, said those findings confirm the value to consumers of Enterprise Car Sales' "Perfect Used Car Package," which features a 12-month/12,000 mile limited powertrain warranty for every used model purchased.
"Partnerships between Enterprise Car Sales and credit unions are successful because we have a lot in common, including an unprecedented level of member service, along with a commitment to their local communities," McAndrews said.
"For more than 30 years, our relationships with credit unions have continued to grow stronger and more productive," he continued. "We've shared the most success when credit unions consider us a part of their overall auto strategy.
"For our committed partners, we pride ourselves in sending their members back to the credit union for financing, 100 percent of the time," McAndrews concluded.