Bank of America’s floorplan balances fall 26% YOY

The bank’s digital usership increased in Q4

Photographer: David Paul Morris/Bloomberg

Bank of America logged split results in its consumer and commercial auto portfolio growth as inventory shortages continue to limit the need for dealer floorplan while driving consumer demand. Although floorplan balances rose 18% sequentially to $11 billion in the fourth quarter, floorplan balances fell 26% year over year. Inventory shortages have been affecting dealers […]

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