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Q3 earnings results colored by supply shortages, origination growth

Lack of inventory prompts floorplan declines, slowing sales

Amanda Harris

The bottom line for third quarter earnings performance at auto finance providers is this: blame supply chain constraints that are likely to last at least another year. While many auto lenders experienced declining floorplan balances and slowing new-vehicle sales, several financiers also enjoyed the strongest Q3 origination volumes seen in years, propped up by the […]

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