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Chase Auto originations decline 10% 

Chase Auto’s origination volume fell year over year in the second quarter as the bank prioritized

Powersports sales down 3% YoY in June, survey shows 

Powersports manufacturers are working to align inventory with consumer demand to support dealers as the retail

Sonic Auto, retailers indicate cyberattack effects could linger 

Although it’s been a week since software provider CDK Global’s systems were restored following a cyberattack,

Higher losses prompt rating downgrades on subprime securitizations 

S&P Global has again lowered its ratings on a 2022 Flagship Credit Acceptance auto securities transaction

EV sales up 11%

Elevated discounts and higher levels of leasing pushed EV sales to a record in the second

US inflation broadly cools, bolstering case for Fed rate cut

US inflation cooled broadly in June, driven by a long-awaited slowdown in housing costs and providing

ATPs tick up sequentially in June amid price pressures  

New-vehicle average transaction prices edged up slightly in June on a sequential basis but remained lower

Credit availability worsens YoY 

Access to auto credit worsened month over month and year over year in June, marking the

Credit Union Auto Lending Surges

David Thompson

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