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CU AutoNet is a resource for a strategic assortment of products and services that help streamline credit union automotive lending processes. Through our national partnerships with GE, TitleAuctions, Black Book, and N.A.D.A., we provide easy access to remarketing, vehicle valuations, training, and more.
What does it mean for credit unions?
- Multiple Channels to Choose from for the Liquidation of Vehicles
- Automation of Liquidation Process – Including Electronic Tracking of CU Collateral
- Professional Representation
- Preferred Lane Position
- Volume Discounts
- Marketing & Promotional Campaigns to Attract Buyers
- Automotive Lending Solutions
- Multiple Channels to Choose from for Vehicle Valuation Information
- Training Certification in Remarketing Vehicles
- Benchmark Analysis Providing Clear Picture of Marketplace
Our recent partnership with GE only touches the surface of what we plan to do. Certifications are on the horizon, the potential for a repossession partnership is in the works, and many other portions of our remarketing efforts are being planned. For more information on CU AutoNet, click here.
Remarketing by GE combines its unique understanding of the market with GE’s unequalled ability to develop strategies that excel. By carefully considering the markets, logistics, and each unit individually, Remarketing by GE is able to make quick, detailed decisions that maximize the value of each asset vehicle. Using GE’s own successful business models, Remarketing by GE has developed proprietary analytical tools to hone its practices to be their most productive and efficient. These metrics change simple data into business intelligence of premier value.
Remarketing by GE’s proven strategies not only offer its clients quality alternatives to the cumbersome and antiquated process of asset recovery, but also provide established best practices in a turnkey package. With more than 35 years of remarketing experience, GE liquidates more than 125,000 cars each year. They have the ability to measure auction results in real time, which means they understand market changes and react quickly to factors that might affect sale prices. This level of intelligence maximizes returns for credit unions participating in the program. For more information on Remarketing by GE, click here.
With many finance options available to your members, losing loans to dealerships and other sources is a common problem credit unions face in today’s marketplace, negatively affecting the increase of your direct vehicle loan volume. Members who have been approved for an auto loan by their credit union may be convinced to finance through the dealership when they arrive to purchase a vehicle. Members AutoLink is a web-based Automobile Buying Program that provides credit unions with opportunities to generate membership growth and enhance their current electronic services, by utilizing forming favorable arrangements with local dealers that result in the best outcomes for their members. The AutoLink program fosters cooperation between all parties involved. Once AutoLink’s Search Engine has been implemented, credit union members are able to view the inventories of local affiliated automobile dealerships directly from their credit union’s website.
Currently, this product is being offered in mid-Florida. New cities are expected to be added throughout Florida over the next 24 months. For more information on helping members save money on vehicle purchases, click here.
Access the most current used vehicle values and new vehicle invoices for a wide range of vehicles, 24/7. Online access provides information without searching through multiple paper guides or worrying about whether or not you have the correct vehicle and most up-to-date values. With access to electronic valuations through CU AutoNet, information is always current, always available, and offers convenient, printable reports.
Paper guides are also available for all types of vehicles with market-reflective pricing specifications and information. We have partnered with the top two industry leaders to bring you the best pricing available for vehicle valuation services in a printed format. For more information on Vehicle Valuation Services, click here.
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