E-contracting origination volume jumps 28%
September rate cut posed little change to overall volume in Q3
The adoption of electronically originated auto loans slowed sequentially in the third quarter but remained elevated on a year-over-year basis, highlighting a steady desire to originate loans digitally. The volume of digitally contracted auto loans increased 0.5% sequentially and 28% YoY, according to software provider Wolters Kluwer’s Q3 Automotive Finance Digital Transformation Index published Oct. […]
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