PORTLAND, OR – TitleAuctions announced that credit union members and consumers have viewed detailed descriptions of credit union repossessions more than 1.2 million times over the past 24 months. In addition, the company reported that 50 percent of the credit union vehicles remarketed on the TitleAuctions platform have sold to a credit union's own members, and 50 percent have sold to members of neighboring credit unions, often times out-of-state.
The member traffic and the broad geographic sales reach to out-of-state members are key indicators that TitleAuctions and its credit union clients have taken the first steps toward creating a robust retail sales environment for the credit union movement.
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