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Home » Lower auto ABS issuance leads to weakened industry performance (Big Wheels)

Lower auto ABS issuance leads to weakened industry performance (Big Wheels)

Auto Finance Composite Index declined 8.7% from August 2023 

Amanda HarrisbyAmanda Harris
September 18, 2024
in Big Wheels
Reading Time: 2 mins read
0
Cars on the highway

© Can Stock Photo / XXLPhoto

The auto finance industry was weaker in August on a year-over-year and sequential basis, largely due to a decline in auto securitization issuance, but supported by strong vehicle sales.   The Auto Finance Composite Index fell to 114.33 in August, a decline of 8.7% year over year and 5.3% month over month.   Using a […]

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