Wells Fargo Auto’s new-vehicle originations surpass used vehicles – Auto Finance News

Wells Fargo Auto recorded more new-vehicle loan and lease originations than those for used vehicles in the fourth quarter as the bank’s auto book shrank.   “Our new-vehicle originations surpassed used vehicles in the fourth quarter, reflecting a combination of credit tightening actions that we’ve implemented in the industry dynamic of higher new-vehicle sales growth,” […]


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