Back to growth: Banks look to reclaim market share

Industrywide, outstandings grew consistently in 2020 and surpassed $1.225 trillion in Q4

Auto loan outstandings reached new heights in 2020, despite the pandemic suppressing vehicle sales, but not all lenders reaped equal rewards. Industrywide, outstandings grew consistently in 2020 and surpassed $1.225 trillion in the fourth quarter, a 3.3% increase YoY when not seasonally adjusted, according to April 7 data released by the Federal Reserve System Board […]

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