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PNC Financial’s auto book shrinks for fourth consecutive quarter

Auto outstandings decreased 21% YoY in Q1 2021

Amanda Harris

PNC Financial Service’s auto book shrank for the fourth consecutive quarter, contributing to an overall decline in consumer loans during the first quarter of 2021. Auto outstandings clocked in at $13.6 billion, a 4.5% decrease from last quarter and a decrease of 21% year over year, according to the lender’s Q1 earnings release. PNC’s total […]

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