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How auto lenders can navigate the impending perfect storm

Record sales in 2016 helped drive the growth rate in auto lending to around 10% year over year. For the first time, open balances have topped $1.2 trillion — but a few warning flashes have appeared on the horizon. While unemployment is down, wages are mostly stagnant and many workers have been involuntarily switched from full-time to part-time. And with the evolving economy, the time is right to automate the lending process and deliver a much improved experience to your customers.

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