Just as payday lending evolved to better meet the needs of the underbanked, so will auto lending change to meet the needs of non-prime customers.
That industry is large, its growing, its incredibly fragmented, its inefficient, its lopsided (the house mostly wins), and its one of the largest yet worst consumer financial experiences.
New technology, new business models and new regulation represent an enormous opportunity for incumbents and entrepreneurial thinkers to create a more efficient and more transparent marketplace.
Heres what we could see in five yearsThe Article Why Should You Care About Five Subprime Auto Loan Predictions? appeared first on Automotive Digest.