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How Are We Doing? Sales Data for Q3 2021

How Are We Doing? Sales Data for Q3 2021

On the MBFS side, new credit applications 2021 Q3 saw an increase at 308,595 compared to 302,002 during the same period last year. Auto approvals were up 2.3% year-over-year (YoY) from 55.6% in 2021 compared to 53.3% in 2020. Acquisitions were slightly down from 217,900 in 2020 to 206,156 in 2021 in regards to volume compared to prior year.

  • For Q3 2021, new approval rates were at 82.2% compared to Q3 2020 which were at 86.5% (-4.3%).
  • Increases were seen within pre-owned applications from 120,542 in Q3 2020 to 125,999 Q3 2021, while pre-owned approvals were down (-2.8%).

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