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Big Wheels: Auto loan rejection rates plummet

Rejection rate fell to 1.5%

Joey Pizzolato

Auto loan rejection rates plummeted over the 12 months that ended in February in a sign of loosening underwriting standards. Rejection rates on auto loan applications fell to 1.5% over the last year in February, down from 9.6% of applicants in October 2023, according to the latest data from the New York Fed Survey of […]

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