Download - Weekly Wrap discussion on loan production, inflationary pressures

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The Auto Finance Roadmap

News:Business News

Weekly Wrap discussion on loan production, inflationary pressures

2024-06-17

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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.