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Home » Credit availability improves across all credit tiers in Q2

Credit availability improves across all credit tiers in Q2

Auto lending grew 32% in the second quarter

Amanda Harris and Whitney McDonaldbyAmanda Harris and Whitney McDonald
August 31, 2021
in Risk Management
Reading Time: 2 mins read
0
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© Can Stock Photo / kentoh

Auto originations grew 32% sequentially in the second quarter as loosened underwriting standards improved credit availability across all credit tiers. Originations clocked in at a record $202 billion in Q2, according to the Federal Reserve Bank of New York. Now, not only is it easier to get an auto loan, but loans are more attractive […]

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Tags: auto originationsCox AutomotiveFederal Reserve Bank of New YorkPremium
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