CHATSWORTH, Calif. (9/26/12)--Boosted by sustained new car demand and growth of new partnerships, Autoland Inc. reported a 25% sales increase through August over the same period last year.
Net profits for the auto buying credit union service organization have surpassed those of 2011 by 99%, the company reports.
"The sustained health of the new car market has allowed us to demonstrate how well we drive quality direct loans to our partners by providing an exceptional auto buying experience to their members," said Jeffry Martin, Autoland Inc. president. "Meeting the car buying demands of members has allowed us to surpass our 2012 sales projections with new-car volume outpacing the industry sales rate."
During the past nine months Autoland has added 15 new credit union partners and will be expanding to 50 in-house offices by the end of the year.
The most recent partnerships include:
- CU of Southern California, Whittier, Calif.;
- Community CU of Southern Humboldt, Garberville, Calif.;
- UNCLE CU, Livermore, Calif.; and
- Eagle CU, Lodi, Calif.