Loan extensions fall in May after April spike | Auto Finance News | Auto Finance News

Loan extensions fall in May after April spike

© Can Stock Photo / merznatalia

Auto loan extensions are gravitating back toward pre-pandemic rates, dropping by an average of 55% in May for each of the seven auto asset-backed securitization shelves that reported updated figures, according to an S&P report. The seven shelves represent one-third of the auto ABS shelves’ S&P rates. Investors should welcome the drops in extension rates, […]

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