Portland, OR, May 9, 2005 -- TitleAuctions, Inc., provider of automotive remarketing tools and training to credit unions nationwide, announced today that it has expanded its service offerings to include a full spectrum of retail, wholesale and member auction tools. In addition the company will begin offering all of its credit union services under the CUAuctions service mark.

TitleAuctions’ remarketing tools enable credit unions to remarket repossessed and lease-return vehicles directly to their own membership. With the expansion of its Internet-based software to include wholesale auction tools, credit unions can now conduct their own private dealer-only auctions for vehicles that members don’t buy. Using the wholesale auction tools, credit unions can potentially save hundreds of dollars per vehicle in transport, rep and lane fees normally paid to traditional wholesale auction facilities.

“We’ve observed that an increasing number of auto dealers are looking for new sources of inventory outside the traditional auction lanes, and are often turning to the Internet to find it,” said TitleAuctions President, Mark Coleman. “At the same time, several of our credit union clients have been asking us to help them build private auction tools for their dealer network. It’s a natural fit.”

TitleAuctions has also launched a suite of tools for credit unions to boost loan revenue by facilitating member vehicle auctions on the credit union Web site. At each step in the registration and bidding process, credit unions can direct both buyers and sellers to their online loan application, boosting loan revenue while providing a valuable member service.

The company’s entire suite of tools is now being marketed under the CUAuctions service mark, an indication of the company’s on-going exclusive commitment to serving the credit union movement.

About TitleAuctions, Inc.
TitleAuctions delivers retail, wholesale and member auction tools, plus training and support, designed exclusively for credit unions. Based in Portland, Oregon, TitleAuctions serves 57 credit unions in 17 states. For more information about TitleAuctions, visit www.titleAuctions.com. To browse and bid on credit union vehicles for sale, go to www.cuAuctions.com.

Learn More. E-mail info@titleauctions.com or call 503-344-5001.