The Wait Is Over – The World of Hurt for Auto Lenders Is Here
Perficient
JULY 13, 2022
Back in May, we wrote about how various factors were converging to put a world of hurt on auto lenders. Auto loan originations hit a record high during the pandemic, total outstanding debt grew, and constrained inventory and pent-up demand drove new and used car prices (and monthly payments) to record highs.
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