Pricing dynamics lead to mixed Q1 bank results
Several banks grew auto portfolios in Q1 despite a dip in originations
Compressed margins, increased pricing competition and a shift toward more profitable lines of business in the first quarter drove attrition in nearly every large bank’s auto portfolio as credit losses continued to inch back toward pre-pandemic norms. Capital One’s auto originations fell 47% year over year to $6.2 billion, reflecting an intentional pullback in auto […]
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