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Q3 Loan Originations Climb at Both Chase and Wells

Both Chase and Wells Fargo enjoyed positive developments in connection with their third-quarter auto loan origination volume performances.

Starting with Chase, the company indicated its Q3 originations totaled $6.3 billion, a figure 7-percent higher year-over-year and 9-percent higher quarter-over-quarter.

The growth left Chase’s average auto loan amount as of the third quarter at $48.4 billion, up 4 percent from the prior year, but flat compared with the prior quarter.

Read more: Autoremarketing | Q3 Auto Originations Climb at Both Chase, Wells Fargo

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