Capital One auto originations plummeted on a year-over-year basis as the lender continues its yearlong pull back on auto lending, prioritizing margins amid increased competition. Auto originations came in at $6.2 billion in the first quarter, a decline of 6.1% sequentially and 47% YoY, according to the earnings supplement. Outstandings decreased 2.2% on a linked quarter basis and […]
Source : AutoFinanceNews
