Ahead of Fed Nov. decision, auto lenders say more rate cuts would help demand

From left, Ian Anderson, Westlake Financial group president; Chase Auto CFO Douglas Arrigo; Betty Jotanovic, Santander Consumer USA president of Chrysler Capital and auto relationships; and Consumer Portfolio Services President Mike Lavin sitting. — From left: Ian Anderson, Westlake Financial group president; Chase Auto CFO Douglas Arrigo; Betty Jotanovic, Santander Consumer USA president of Chrysler Capital and auto relationships; and Consumer Portfolio Services President Mike Lavin discuss Fed rate cuts at the Auto Finance Summit in Las Vegas. (PAIGE HODDER/AUTOMOTIVE NEWS)

October 29, 2024 03:42 PM

LAS VEGAS — Future Federal Reserve interest rate reductions could improve consumer auto demand, executives from auto finance companies said last month, ahead of what is likely to be at least one more Fed cut before the end of the year.

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