Volume tops $1.4T as originations rebound
Auto finance outstandings hit a record $1.4 trillion last year, though 45 of the top 100 financiers recorded portfolio declines, according to the annual Big Wheels Auto Finance ranking of car lenders and lessors. Year-over-year outstandings grew 2.9% compared with a 3.7% uptick in 2023.
Originations, meanwhile, increased 9.6% year over year. The nation’s top 100 financiers closed out 2024 with $656 billion of originations, up from $598.5 billion the year prior.
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