This week, the auto finance industry may be reaping the benefits of lenders and dealers adapting to offer digital car buying solutions during the height of the COVID-19 pandemic. Lenders supported dealer partners and ensured continued cash flow as the pandemic closed dealerships and car sales struggled. New York may be a potential example of recovery as the top 10 auto lenders in the state recorded month-over-month growth of more than 100% in June.
In this edition of the Weekly Wrap, Amanda Harris and JJ Hornblass discuss these news developments for the week ending Sept. 11, and what’s to come next week.