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Auto Sales Fall for Fifth Straight Month
Tuesday, June 6, 2017 6:40 AM

Will your credit union get its fair share of auto loans in 2017?

U.S. auto sales fell for the fifth straight month in May, bolstering expectations for the first annual sales decline since 2009. One reason is that the average age of a vehicle on U.S. roads has inched up to about 11.5 years, indicating that people are holding onto their cars and trucks longer due to higher quality and reliability from all automakers.

Credit unions are expected to have a much more difficult time reaching their auto loan portfolio goals after last year’s record auto sales. With increasing competition from dealerships and FinTech companies, credit unions will face real challenges financing auto loans. 

Will your credit union get its fair share of auto loans in 2017? If not, Ser Tech is here to help. Ser Tech has helped more than 2,000 credit unions increase their auto loan portfolios with their marketing campaigns. Ser Tech's most popular program, Auto Loan Recapture™, generates more than a billion dollars in new loans every year.

Want to find out more? Attend Ser Tech's free Fetch Auto webinar:

Date: Friday, June 9, 2017
Time: 1 p.m. (CDT)
Register: Click here (register soon, as attendance is limited!)

This webinar will discuss Ser Technology's Fetch Auto marketing campaigns. These programs identify members based on key criteria and send them pre-qualified offers before other lenders "can even think about it."

These campaigns include:

  • Auto Loan Recapture
  • Next Car Purchase
  • New Car Acquisition
  • Universal Auto
  • Non-Prime Auto Acquisition

Ser Tech is an endorsed business partner of Credit Union Resources, Inc., a wholly owned subsidiary of the Cornerstone Credit Union League.