In recent years, JPMorgan Chase & Co has lagged behind the competition when it comes to auto finance, but they are hoping new leadership will turn their luck around.

JPMorgan Chase announced that Thasunda Brown Duckett would be heading up their auto financing, taking over for Marc Sheinbaum. Looking at the numbers, she has a lot of work ahead of her. According to Experian, JPMorgan Chase is the fourth biggest auto lender despite being the biggest bank in the United States, and with new leadership, it is clear that Chase wants to change that.

While Duckett has not set any plans in stone, she has hinted at opening up auto loans to customers with lower scores, saying there are “opportunities for us to expand that credit box to be able to help more customers.” Many of their competitors have already taken this step which might account for JPMorgan Chase trailing in auto loans. This change could give more options for car buyers with subprime credit to get a car and reestablish their credit history, and it could give JPMorgan Chase to be competitive in auto loans again.

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