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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 http://www.autoremarketing.com/financial-services/q3-auto-originations-climb-both-chase-wells-fargo&wt.mc_id=Email-ART?utm_source=Listrak&utm_medium=Email&utm_term=http%3a%2f%2fwww.autoremarketing.com%2ffinancial-services%2fq3-auto-originations-climb-both-chase-wells-fargo%26wt.mc_id%3dEmail-ART&utm_campaign=ART+10-16-12#ixzz29TYvwtYu

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