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Home » Big Wheels: Average auto loan rejection rate ticks up to 11%

Big Wheels: Average auto loan rejection rate ticks up to 11%

Rejection rate at highest in 10 years

Riley WolfbauerbyRiley Wolfbauer
September 18, 2024
in Big Wheels
Reading Time: 4 mins read
0
Cars parked next to each other

(Photo/Canva)

The average auto loan rejection rate increased year over year in October, bringing the average rejection rate to its highest yearly level since before 2013.   The auto loan rejection rate among the past year’s applicants came in at 9.6% in October, an increase of 3 percentage points YoY but down 4.6 percentage points compared […]

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