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Drop in ABS issuance contributes to weakened industry performance (Big Wheels)

The auto finance industry’s overall performance weakened month over month and year over year in November, driven by a decline in auto asset-backed securitization issuance and weakened consumer demand for auto loans.   Auto Finance News’ proprietary Auto Finance Composite Index fell to 116.46 in November, down 11% YoY and 14.3% MoM.   The index indicates whether […]