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Chase Auto originations plummet 44%

Originations last quarter plunged to $7B, down more than $5B YoY amid inventory shortages, rising rates

Joey Pizzolato

Chase Auto originations fell 43.5% year over year in the second quarter amid squeezed vehicle inventory, lower lease volume and rising interest rates. Origination volume clocked in at $7 billion, down more than $5 billion from a record $12.4 billion logged in Q2 2021, according to today’s JPMorgan Chase’s earnings supplement. JPMorgan Chief Financial Officer […]

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