Sizing Up the Competition
Ask anyone in auto finance, and they’ll tell you that competition is getting tougher. New companies are cropping up, LTVs are inching higher, and lenders are developing more innovative products.
But how will competition in 2012 differ from competition in years past? What must lenders do to prepare for the showdown? And what’s the likelihood the industry will emerge unscathed?
Ask anyone in auto finance, and they’ll tell you that competition is getting tougher. New companies are cropping up, LTVs are inching higher, and lenders are developing more innovative products.
But how will competition in 2012 differ from competition in years past? What must lenders do to prepare for the showdown? And what’s the likelihood the industry will emerge unscathed?
