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Huntington Auto sees Q4 decline in dealer floorplan

Amanda HarrisbyAmanda Harris
January 26, 2021
in Earnings
Reading Time: 3 mins read
0
COVID-19 continues to hamper vehicle manufacturing, leading to a decline in floorplan assets at Huntington Auto Finance. The bank’s U.S.-based vehicle floorplan outstandings declined 27.2% year over year to $1.7 billion in the fourth quarter, but clawed back from last quarter when outstandings stood at $1.6 billion, according to the recent earnings presentation. Inventory woes […]

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