Open Lending Blog | Auto Lending Trends

How 3 Financial Institutions Boosted Auto Loan Margins in 2020

Banks and credit unions in 2020 faced many challenges, but by the third quarter, lending portfolios overall showed signs of recovery. However, a...

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...

Many people and businesses struggled with their finances when the coronavirus upended life as we know it. Credit unions, especially small ones,...

This year has been one to be recorded in history books for many of the wrong reasons. Like many other industries, auto lending...

The automotive industry as a whole has had to adapt its business model this year. Like nearly everything else in our everyday lives, the...

The coronavirus pandemic has made things interesting for the automotive industry. Like many other businesses, car dealerships and auto lending...

In coronavirus environment, digital has skyrocketed to the forefront of the car shopping experience, but it was moving that way prior to 2020....

The economy was off to a great start at the beginning of the year, and auto lending has long been the bread and butter of credit unions. While...