Weekly Wrap: Auto industry continues recovery

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.