Truist’s auto book grows YoY despite slowdown
Auto outstandings increased 5.8% YoY in Q1
Truist’s auto book grew on a year-over-year basis in the first quarter but dipped sequentially in line with an expected slowdown in auto production. Auto outstandings totaled $27.2 billion, a decrease of 2.5% sequentially but up 5.8% YoY in Q1, according to the bank’s earnings release. The bank in Q4 2022 expected prime auto lending […]
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