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

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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