Q3 earnings results colored by supply shortages, origination growth

Lack of inventory prompts floorplan declines, slowing sales

© Can Stock Photo / jirabu

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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