Weekly Wrap on Q2 pullback in auto

from Auto Finance News Podcast Hosted by Auto Finance News

Ally Financial, Bank of America, Capital One, Huntington Bank and Truist posted auto loan growth, while U.S. Bank, Citizens and Fifth Third Bank logged sequential declines in outstandings. Capital One, Citizens, Fifth Third and U.S. Bank intentionally backed off auto lending in Q2 due to rising interest rates, tightened inventory and elevated vehicle prices.

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Second-quarter earnings have pointed to mixed results as some financiers grew their auto books while others intentionally stepped back from auto lending amid rising interest rates and pricing competition.

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Weekly Wrap on Q2 pullback in auto

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This episode is 8 minutes long.

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This episode was published on July 25, 2022.

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