Two of the three major auto lenders posted significant increases in auto loan originations in the third quarter and cited improved customer demand and credit metrics in their results. But all three lenders signaled concern that without further government stimulus, consumer auto loan performance could suffer. Auto loan originations surged …
Read More »Portfolio acquires competitor in latest consolidation of F&I product industry
F&I product and reinsurance provider Portfolio Holdings has agreed to acquire competitor National Automotive Experts/NWAN. Combined, the company will rank among the top 10 largest F&I product providers in the nation, executives said. The acquisition continues an ongoing trend of F&I product company consolidation. Portfolio CEO Brent Griggs said the …
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