Industrywide auto originations dip 1.5% year over year
U.S. non-revolving consumer debt decreased 3.6% YoY
Auto originations dipped industrywide, contributing to a slowdown in non-revolving consumer debt even as overall debt climbed through October. Auto loan and lease originations ticked down 1.5% year over year in August to $495.6 billion industrywide, according to the most recent data available from Equifax. “Across most lending categories, higher rates, prices and tougher lending […]
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