Added by Marcie Belles on October 11, 2011 at 11:35am — No Comments
In the past two years, direct loans have dropped to 12%, from 19%, of Wells Fargo Dealer Services’ portfolio. Even so, the overall portfolio has grown 39% during that time.
Wells Fargo’s auto portfolio closed the year at $39.3 billion, up from $32.2 billion at yearend 2009.
While indirect auto loans have been growing, the direct auto-loan portion of the portfolio has been on the decline. Last quarter, direct auto loans comprised $4.8 billion of the overall portfolio.…
Added by Marcie Belles on January 19, 2011 at 1:30pm — No Comments
Added by Marcie Belles on April 8, 2010 at 12:30pm — No Comments