Higher rejection rates contribute to industry performance dip (Big Wheels)
Auto Finance Composite Index down 14%
An increase in auto loan rejection rates contributed to a decline in the auto finance industry’s overall health in February, offset by higher new-vehicle sales. A sequential decrease in auto asset-backed securitization volume and stock performance added to the drop. The Auto Finance Composite Index landed at 135.06 in February, down 14% year […]
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