Upstart auto originations plunge 68% year over year
Auto portfolio shrunk nearly 30%
AI-focused lending platform Upstart’s auto originations declined on a year-over-year basis in the second quarter, but the company is looking to become more competitive in the market after releasing new underwriting models. Upstart originated $18 million in auto loans in Q2, and while this number was up 38.5% sequentially, it was down 67.9% YoY, […]
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