1. Middle-income Americans' car buying interest has increased amid pricing uncertainty. 2. First time in eight quarters that buyers outnumber those delaying purchases.
Increased consumer confidence may lead to higher auto loan demand, benefiting SAN. Historical data shows similar trends in consumer behavior correlate with loan growth.
The findings could directly influence SAN's auto lending business, indicating a potential increase in revenue.
The increase in auto buying interest can quickly impact SAN's auto financing department. Immediate shifts in loan demand could be observed within the next quarter.