A sustained demand for new cars has helped Autoland Inc. post positive earnings through August, the auto buying CUSO said.
The Chatsworth, Calif.-based company said Monday that it experienced a 25% sales increase from the same period in 2011 while net profits exceeded last year's profitability by 99%.
"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 Autoland President Jeffry Martin. "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."
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