Dip in auto ABS contributes to weakened industry health (Big Wheels)
Auto Finance Composite Index down 16% YoY in March
A decrease in auto asset-backed securitization issuance and an increase in auto loan rejection rates contributed to a year-over-year decline in the auto finance industry’s overall health, offset by stronger new-vehicle sales and improved stock performance. The Auto Finance Composite Index landed at 133.86 in March, down 16.2% YoY and 0.9% month over month. […]
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