Back to growth: Banks look to reclaim market share

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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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Source : AutoFinanceNews