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Big Wheels: Higher auto credit rejection rates hamper industry  

Auto Finance Composite Index down 24.3% sequentially 

Amanda Harris

The auto finance industry’s overall performance declined in June as auto loan application rejection rates jumped.  Auto Finance News’ proprietary Auto Finance Composite Index fell to 120.89 in June compared with 159.74 in May and 123.93 in June 2023, representing a downward turn in the industry’s overall health on a sequential and year-over-year basis.   […]

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