We are only days into this new year of 2021 and already we’re seeing some notable trends beginning to emerge in the auto lending industry. Some of these trends have carried over from 2020, but as we are still dealing with coronavirus and continuing to get vaccines distributed to the rest of America, it’s safe to say they will continue well into this year. Even so, this year is already looking to be a good one for automakers and lenders!
There are plenty of reasons for the automotive industry to be optimistic in 2021 as long as lenders remain vigilant to risks and opportunities. We at Open Lending can help you make the most of this year with our data-driven solutions so you can take on more auto loans with less risk, so let’s together make this year much better than the last!