U.S. Bank affirms commitment to auto as originations tick down
Originations fell 2% YoY
U.S. Bank continued to scale back auto lending during the fourth quarter due to market competition and lower return levels. Indirect auto loan and lease originations at the Minneapolis-based bank declined 1.7% sequentially and 1.9% year over year to $1.1 billion in Q4, according to the bank’s earnings supplement. Originations fell YoY during all four […]
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