Valley National Bank ended 2013 with $901.4 million of auto loans on its books, a 14.6% increase from yearend 2012, the bank reported yesterday. Wayne, N.J.-based Valley National originated $38.6 million loans in the fourth quarter, noting that loan volume “remained strong” throughout most of the year.
Last year, Valley National bought $21.5 million of auto loans from third-party originators, though all the purchases occurred in the first nine months.
I think it would work a lot faster if we just put a tax of $20 a barrell on oil. Get some help filling in the deficit and provide an incentive to drive more fuel efficient cars. Also move us to be less dependant on foreign countries that for the most part don’t like us.