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Home » Capital One posts 56% YoY jump in auto originations in Q2, recovery on NCOs

Capital One posts 56% YoY jump in auto originations in Q2, recovery on NCOs

Increased competition spurs concern that auto lenders will loosen credit standards

Amanda HarrisbyAmanda Harris
July 23, 2021
in Earnings
Reading Time: 3 mins read
0
Capital One slows auto production in Q2 

Photographer: Andrew Harrer/Bloomberg

Capital One is the latest auto lender to experience a swing from net charge-offs to net recoveries and auto book growth in the second quarter. Capital One’s recovery rate for auto loans stood at 0.12% in the second quarter, the highest recovery rate yet this quarter, according to Thursday’s earnings supplement. By comparison, the bank’s […]

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Tags: auto originationsCapital One Auto FinanceearningsPremiumRecoveries
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