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Home » Wells Fargo Auto originations fall 35% YoY in Q2  

Wells Fargo Auto originations fall 35% YoY in Q2  

Outstandings increased 8.6% YoY to $56.2B 

Amanda HarrisbyAmanda Harris
July 15, 2022
in Earnings
Reading Time: 3 mins read
0
Historic origination volume in June drives Wells Fargo Auto’s YoY growth

Photographer: David Paul Morris/Bloomberg

Wells Fargo Auto’s originations declined in the second quarter of 2022 amid supply constraints following record-high volume at the end of 2021.   Originations clocked in at $5.4 billion, a decrease of 26% sequentially and 34.9% year over year, according to the earnings supplement. The decline comes on the heels of record origination growth in Q3 […]

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Tags: auto originationsauto outstandingsPremiumWells Fargo
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