Because many residents experienced damage to their vehicles as a result of Hurricane Sandy, CU Xpress Inc. said it experienced a 200% increase in auto leasing when compared to their traditional volume for the time of the year the storm struck.
CU Xpress Lease is a joint venture of privately held GrooveCar Inc. in Hauppauge, N.Y., and Fusion Auto Finance LLC in Hurst, Texas.
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- SANDY NEWS: Nov. 16, 2012 NCUA, FDIC Issue Guidance
Superstorm Sandy wreaked havoc and widespread power outages on Long Island, metropolitan New York and coastal New Jersey, resulting in overwhelming damage to many homes, communities and vehicles.
This, in turn, has led to an upsurge in car sales, primarily in the leasing area, according to CU Xpress Lease.
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