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Subprime originations rebound in March, reach highest level in a year

The uptick in subprime demand contributed to strong vehicle sales

Amanda Harris

The share of subprime financing in March reached its highest level in a year after falling to Great Recession lows during the pandemic. Subprime originations accounted for 16.1% of vehicle financing in March, up from 12.6% in December 2020, and the highest level since April 2020, Jonathan Smoke, chief economist for Cox Automotive, told Auto […]

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