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Wells Fargo Auto originations decline 18%

Average auto loan interest rate at 4.98%

Joey Pizzolato

Wells Fargo Auto tallied a dip in origination volume during the first quarter as the bank’s auto book continued to shrink. Auto loan originations landed at $4.1 billion, down 18% year over year but up 24.2% on a linked-quarter basis, according to the bank’s earnings supplement. Performance across the San Francisco-based bank’s consumer and commercial […]

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