Since 2009, that is just the second time subprime auto loan origination fell from the prior year. (lendedu.com)
This boost in balances was in part driven by new extensions of credit, with a large increase in the volume of mortgage originations and a continuation in the strong recent trend in auto loan originations. (newyorkfed.org)
Auto loan balances continued their steady rise and auto loan originations for 2016 reached a new annual record in the 18 - year history of this series. (newyorkfed.org)