Five questions with … Chase Auto Chief Executive Peter Muriungi
Chase Auto has proved resilient, despite a pandemic that changed the landscape of car buying. JP Morgan’s fourth-quarter earnings presentation. Chase’s outstandings also increased 8% YoY to $66.4 billion. Chase’s success at the end of 2020 followed record originations in the third quarter, which clocked in at $11.4 billion, a 25% YoY increase. Eying the future, Chase in January formed a private-label partnership with electric vehicle manufacturer Rivian. Rivian Financial Services is set to launch prior to deliveries in June of Rivian’s R1T pickup, and will allow customers to apply fo...
Source: autofinancenews.net