Weekly Wrap on Q2 pullback in auto - a podcast by Auto Finance News

from 2022-07-25T20:31:19

:: ::

Ally Financial, Bank of America, Capital One, Huntington Bank and Truist posted auto loan growth, while U.S. Bank, Citizens and Fifth Third Bank logged sequential declines in outstandings. Capital One, Citizens, Fifth Third and U.S. Bank intentionally backed off auto lending in Q2 due to rising interest rates, tightened inventory and elevated vehicle prices.