More members using financing to replace their aging vehicles led to a 17% increase in first quarter sales for auto buying CUSO Autoland Inc.
The Chatsworth, Calif.-based CUSO said its first quarter profitability increased 29% over the same period last year.
Direct loan volume to credit union partners also improved by 21% with the CUSO's auto loan retention rate increasing to a combined 85%, according to Autoland.
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