Chase Posts Auto Increase

carmoneyChase Auto Finance saw originations increase both year-over-year and from the prior quarter, making the business one of the few bright spots n a disappointing quarter for the parent company, JP Morgan Chase.

Total originations for the quarter were $6.7 billion, a 3% increase YOY and a 5% increases from the fourth quarter of 2013.

Average auto loans were also up to $52.7 million, a  5% YOY increase and 2% up from last quarter.

Overall earnings for JP Morgan Chase were down to $5.27 billion from $6.53 billion for the first quarter of 2013.

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