Subprime auto loan originations near pre-pandemic levels, TransUnion says

U.S. borrowers took out 8.2 million auto loans during the second quarter, up 26 percent from a year earlier and up 12 percent from the second quarter of 2019, according to TransUnion. (DAVID PHILLIPS)

November 03, 2021 04:08 PM

Subprime auto loan originations have yet to recover to pre-pandemic levels, according to the latest TransUnion data, though an analyst said they're improving and nearing that point.

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