Independent dealers eye new lending partners as Wells Fargo pulls back | Auto Finance News | Auto Finance News

Independent dealers eye new lending partners as Wells Fargo pulls back

Photographer: Daniel Acker/Bloomberg

Wells Fargo’s move to halt contract funding from a majority of the independent auto dealers on its network is spurring dealers to find new lender partners to fill the gap, Larry Laskowski, executive director of Independent Automobile Dealers Association of California, told Auto Finance News. The San Francisco-based bank has pulled back on riskier lending […]

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