How subprime lenders face the coronavirus economy | Auto Finance News | Auto Finance News

How subprime lenders face the coronavirus economy

Photographer: Michael Nagle/Bloomberg

What a difference a few months make. Last year, subprime lenders outpaced banks, captives and credit unions at a rate of eight to one in origination growth. Among the 10 largest independent subprime lenders, originations shot up an average of 43.9%, compared with a 5.5% growth rate among other lender types, according to the 2020 […]

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