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Dip in rejections, rise in ABS issuance help improved industry performance (Big Wheels)

Auto Finance Composite Index up 6.3% YoY 

Amanda Harris

A decline in the auto loan rejection rate and an increase in auto asset-backed securitization issuance contributed to improvement in the auto finance industry’s overall health in February.   The Auto Finance Composite Index rose to 143.51 in February, up 6.3% year over year and 4.1% month over month. The index measures whether the industry is performing better or worse based […]

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