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TD Auto floorplan utilization rate climbs over 40%

Originations are expected to steadily grow in 2023

Amanda Harris

TD Auto Finance’s floorplan utilization rates have more than doubled after falling to pandemic-spurred lows as new-vehicle inventory improves.   The Toronto-based lender’s dealer partners are using on average 40% of the capacity on their floorplan lines of credit with the lender, up compared with a pandemic low of 25% and moving closer to historical […]

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