Digital Strategies for Direct Auto Lending
- Date:March 11, 2021
- Author(s):
- Austin Kilgore
- Report Details: 18 pages, 6 graphics
- Research Topic(s):
- Digital Lending
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Overview
- What are the key characteristics of the digital automotive market for both dealers and lenders?
- What data and technology are needed to provide an automated and robust digital auto finance platform?
- How can lenders replicate the digital experience consumers get from shopping for vehicles when they’re obtaining financing?
Companies Mentioned: Axos Bank, CarFax, Carvana, CarZing, Experian, Fair, JPMorgan Chase, LendingTree, Regions Bank, Upstart Network, Vroom
Methodology
Consumer data in this report was collected via an online survey fielded in April 2020, consisting of 475 consumers who obtained at least one auto loan or lease on or after January 2018.
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