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Home » Upstart auto originations plunge 68% year over year 

Upstart auto originations plunge 68% year over year 

 Auto portfolio shrunk nearly 30% 

James Van BramerbyJames Van Bramer
September 18, 2024
in Earnings
Reading Time: 3 mins read
0
Toyota Yaris at an auto show

(Photo/Bloomberg)

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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