Episode Details
Back to EpisodesWeekly Wrap discussion on loan production, inflationary pressures
Episode 233
Published 2 years ago
Description
The auto finance industry is showing slight improvements in affordability and loan production while worsening credit performance and inflationary pressures remain concerns. Auto outstandings held steady above $1.5 trillion in the first quarter, down 0.2% sequentially but up 2.4% year over year. Access to auto credit worsened for the second month in a row but improved YoY in May.