auto sales

• CU Direct’s Cash Dividend Eighth in a Row

  By Michelle A. Samaad  |  January 15, 2013

  Lending solution provider CU Direct Corp. said its board of directors recently approved a 3% cash dividend to its 102 shareholders.

• CitizensFirst CU Cash Back Promo Boosts Auto Loans 150%

  By Michelle A. Samaad  |  January 14, 2013

  The $370 million credit union in Oshkosh, Wis., ran its Cash Back Auto Loan promotion during the last four months of 2012.

• Enterprise Generates $380 Million in CU Auto Loans

  By Michelle A. Samaad  |  January 11, 2013

  The growth came through used car sales to more than 23,000 credit union members last year.

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  Auto Lending: Solid Growth Is Likely

  By Michelle A. Samaad  |  January 9, 2013

  With a combination of used vehicles reaching their maturity mark for some car drivers and record financials from manufacturers that have emerged from a dismal scene, 2013 may shape up to be a solid year for auto lending growth.

• 2013 Watch: Auto Lending in the Year Ahead

  By Michelle A. Samaad  |  December 17, 2012

  Signs point to solid year for auto lending growth in the year ahead, driven by used vehicles aging out and automaker financials.

• Car Serving Experience Influences Who Consumer Selects for Lender: Study

  By Michelle A. Samaad  |  December 14, 2012

  J.D. Power finds strong relationship between an exceptional vehicle loan or lease servicing experience and customer intent to use the same provider again.

• Fiscal Cliff Could Hit Auto Industry Particularly Hard

  By Michelle A. Samaad  |  December 13, 2012

  The automotive sector could be one of the economy’s worst-hit victims if the fiscal cliff is not resolved by the end of 2012, according to research firm IBISWorld.

• Auto Loan Originations Highest Since 2007: Equifax

  By Michelle A. Samaad  |  November 29, 2012

  At 14.6 million, the total number of auto loan originations from January to August 2012 is at its highest mark since 2007.

• CU Direct Earns AutoNation Preferred Lender Status

  By Michelle A. Samaad  |  November 2, 2012

  Building on a partnership that has spanned many years, CU Direct Connect LLC said it is now a preferred lender for all AutoNation dealerships in Colorado.

• Aggressive Auto Loan Pricing Spurs Growth

  By Michelle A. Samaad  |  October 22, 2012

  A combination of less-generous rate incentives from new vehicle sellers and aggressive rate pricing is accelerating the growth of new car loans at credit unions.