According to a story posted on F&I and Showroom, three top finance sources report loan growth in 2012.
JP Morgan Chase, Wells Fargo and Huntington banks reported strong gains in auto lending for 2012, though quarter-over-quarter results fell flat for Wells Fargo.
Fourth quarter average auto loans for Chase totaled $49.3 billion, up 5 percent from the year-ago period and up 2 percent over the previous quarter. Auto originations accounted for $5.5 billion in the fourth quarter 2012, up 12 percent from the prior year and down 13 percent from the third quarter 2012.
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