Sparse vehicle supply pushes Chase Auto originations down 23% YoY in Q4 21
The bank’s full-year auto originations still climbed 14% in 2021
Limited inventory in the new- and used-vehicle markets pushed down Q4 2021 origination volume at Chase Auto as average loan balances climbed amid rising vehicle prices. Fourth-quarter origination volume clocked in at $8.5 billion, a decrease of 23% year over year and 26% sequentially. In Q3 2021, Chase Auto posted its second-highest auto origination volume […]
Already subscribed? Log in
