Vehicle Sales
AFN Composite Index
+7.00%
Inventory Index
SOFR
APR 48 Mos.
Fifth Third intends to maintain its underwriting criteria amid elevated used-vehicle values as loan-to-value (LTV) ratios drop in its growing auto portfolio. LTVs dropped to 88% on the bank’s $16.8 billion auto book, a 3-percentage point decrease from Q4 2020 and flat from the third quarter, according to the bank’s earnings presentation. Fifth Third’s outstandings […]
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David Thompson
David Thompson
David Thompson
