DriverUp: The company was founded in 2012 with the idea of combining technology - focused origination, underwriting and servicing with
substantial auto finance industry experience.
We achieved our successful rates by setting the highest standard in
the Auto Finance industry.
The auto financing industry achieved a major benchmark in 2017 with outstanding auto loan balances hitting the $ 1.1 trillion mark for the first time.
The S&P report also included trends affecting
the auto finance industry such as falling prices on used cars and possible upticks in auto loan delinquencies and bad loan charge - offs.
But that may work in the favor of
the auto finance industry, as customers hold on to existing cars longer; it can have a positive impact on used car prices: it may drive up their value» -LRB-- Adam Tempkin for Bloomberg)
CarFix will take a comprehensive approach to streamlining the relationships in auto sales, auto repair, auto insurance and
auto finance industries.