UPST has introduced this product in the auto retail space. From what I can tell, the product generates profit by charging the dealerships a $175 monthly subscription fee. Not sure if they also gain any commission for completed sales. It looks like Subaru and Volkswagen have signed on. I'm my knowledge of how the retail auto industry isn't adept enough to understand how large a catalyst this is for UPST. Anyone have insights on this sector of their business?
Leave a Reply