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Weekly Wrap: Q3 earnings highlight supply shortage, consumer demand
Manage episode 305261651 series 2931337
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At Ally Financial, for one, floorplan fell 8.4% YoY and 2.4% from the second quarter to $7.6 billion.
Ally joins a growing list of lenders this quarter to post some of the highest origination volume in years. Ally broke a 15-year record, with originations clocking in at $12.3 billion, up 25.5% year over year from a record 3.3 million decisioned auto applications. This follows similar trends seen in Q2.
Citizens One Auto, too, saw another strong quarter of originations. The lender’s auto portfolio increased 12.1% YoY to a record $13.5 billion.
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