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. […]
The post Dip in auto ABS contributes to weakened industry health (Big Wheels) appeared first on Auto Finance News.
from Auto Finance News https://ift.tt/mtHGB7r
via
IFTTT
0 Comments