Lithia Motors’ captive finance arm, Driveway Finance, originated $731 million in loans during the second quarter as finance and insurance revenue increased. Driveway Finance’s (DFC) originations rose 30.3% year over year and 17.3% quarter over quarter, according to Lithia’s earnings presentation today. The average percentage rate across originations was 8.7%, down from 9.9% a year […]
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