The Cadillac division of General Motors Corp. has left Invest in America, the auto discount program run by the Michigan Credit Union League now in its second year.
Total vehicle sales were down from May to June, continuing their bumpy ride through 2010.
The industry-backed Invest in America auto discount program has lost one of its partners-the Cadillac Division of General Motors Corp.
CUcorp, the Michigan Credit Union League subsidiary that heads the Invest in America program, announced that incentives on Chrysler vehicles have been temporarily suspended for the month of April.
A NAFCU Data Flash report showed that vehicles sales in March demonstrated the strongest sales pace since last August.
Credit unions enjoyed being the last ones standing in the auto lending market over the past year, but the competition has started to come back full force.
Credit union members in specific professions will be able to take advantage of an additional incentive offer through Invest in America.
The Invest in America program has added two new benefit partners and released 2009 numbers that CUcorp CEO David Adams said make him optimistic about the program in 2010.
The latest NAFCU Macro Data Flash Report on vehicle sales showed that while sales continued on an upward trend through the end of 2009 the auto industry still faces a long battle to return to prerecession numbers.
After releasing the 2009 numbers for the Invest in America program, CUcorp CEO David Adams said that he has reason to be optimistic about the program in 2010.