HAUPPAUGE, N.Y.—Credit unions offering leasing programs should expect to compete on more vehicles in 2018, according to a forecast from GrooveCar.
Forty-three credit unions have signed on with GrooveCar's auto financing platform since July.
HAUPPAUGE, N.Y.–GrooveCar is reporting it continues to see steady growth in its CU Xpress Lease program.
Read moreCU Xpress Lease, the nation’s leading auto lease program for credit unions announces, “Why Lease? Why Now? It’s time for more credit unions to enter the auto lease market,” on November 10th, addressing the highly profitable and exclusive lease market. The program, now in its 10th year, has experienced a 40% YTD growth over 2015 and its’ credit union partners are on pace to fund approximately $1 billion in leases by the end of 2016. The webinar is open to all credit unions and will address how leasing has become the finance option of choice for many throughout key regions of the U.S. As leasing continues to expand, this informative webinar will provide an in depth view of how to position your credit union for success and benefit from market conditions. “It’s important for credit unions to gain a greater market share of this business. This webinar will leave those attending with a better understanding of how to get started and grow, as credit unions have a unique advantage,” explains Robert O’Hara, Vice President of Strategic Alliances, GrooveCar Inc.
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