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Axis Auto originations fall 77%

Annualized realized credit losses reached 13.2%

Riley Wolfbauer

Canadian subprime lender Axis Auto Finance tightened credit parameters in the second quarter of its fiscal year 2024 ending Dec. 31, 2023, contributing to a decline in auto loan originations.  Toronto-based Axis’ auto originations came in at $8.2 million in Q2, a decrease of 77% year over year, according to the lender’s earnings release.   […]

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