Wells Fargo Adding More Car Loan Branches Nationwide

Wells Fargo revealed to Reuters on Tuesday that it has begun creating more branches devoted to car loans and financing for auto dealers as a way to increase its auto lending business in a relatively low-risk environment.

According to the news source, Wells Fargo currently operates 56 branches for car and dealer financing, with the most recent one having just opened in Cherry Hill, N.J.

“It’s a differentiator for us,” Dawn Martin Harp, head of dealer services, said. Wells Fargo’s chief executive John Shrewsberry, meanwhile, added that the sector is “providing a big opportunity because so many cars are being sold.”

Continue to original source.

Subscribe to our Newsletter

By clicking submit, I authorize Insurance Investigators and its affiliated companies to: (1) use, sell, and share my information for marketing purposes, including cross-context behavioral advertising, as described in our Terms of Service and Privacy Policy, (2) supplement the information that I provide with additional information lawfully obtained from other sources, like demographic data from public sources, interests inferred from web page views, or other data relevant to what might interest me, like past purchase or location data, (3) contact me or enable others to contact me by email with offers for goods and services from any category at the email address provided, and (4) retain my information while I am engaging with marketing messages that I receive and for a reasonable amount of time thereafter. I understand I can opt out at any time through an email that I receive, or by clicking here.
Skip to content