Displaying 1 - 30 of 251 in total
Q3 bank earnings offer mixed results
Bank earnings last week highlighted mixed results as some institutions saw an uptick in auto originations while others’ portfolios shrank. Bank of America’s auto orig...
Q3 earnings season kicks off, Octane enters marine market
Chase Auto and Wells Fargo kicked off the Q3 earnings season last week, with both lenders reporting flat or lower origination volume on a year-over-year basis. Wells F...
Auto credit performance worsens, prompts provision spike
High rates and rising consumer debt levels still drive a worsening auto loan landscape. Delinquencies and losses rose across prime and nonprime securitized auto loans...
Podcast: Unlocking EV potential through leases, used market
Leasing an EV or buying a used one offers a more affordable option in today's challenging market, but many consumers remain hesitant. Nearly 8.5% of new purchases were...
Used-car demand strong amid tight credit, rising DQs
Demand for used vehicles is strong as supply remains limited and affordability is top of mind for consumers. The used-car turnover rate rose 8.4% year over year in Au...
Automakers pull back on DEI amid social shifts
Several companies in the automotive and powersports industries made changes to their diversity, equity and inclusion initiatives following social pressure to scale bac...
Regulators eye AI, aftermarket sales practices
Regulators are scrutinizing practices surrounding the use of artificial intelligence and machine learning as well as aftermarket product sales, prompting auto lenders ...
Lenders weighing benefits of force-placed insurance
Subprime lenders are weighing the risks and benefits of protecting assets through force-placed insurance as credit-challenged borrowers face continued affordability is...
Weekly Wrap discussion on originations, AI-driven lending
In this episode of the “Weekly Wrap,” Auto Finance News Associate Editors Ashley Savage and James Van Bramer discuss trends in financier earnings, AI-based lending upd...
Weekly Wrap discussion on Q2 earnings, e-contracting
In this episode of the “Weekly Wrap,” Auto Finance News Associate Editors Ashley Savage and James Van Bramer discuss trends in financier earnings, technology, EVs and ...
Weekly Wrap discussion on leasing, HOG earnings
Captives’ second-quarter earnings last week reflected portfolio growth despite affordability and incentive challenges. Leases are a key driver for dealers as consumers...
Weekly Wrap discussion on leasing, earnings, sales
Second-quarter bank earnings continue to point to mixed loan production volume and a rise in leasing spurred by EVs. U.S. Bank originated $1.9 billion in Q2, up 21.5% ...
Weekly Wrap discussion on Q2 earnings kickoff
Second-quarter bank earnings kicked off this week and showed a continued slowdown in auto originations compared with a year ago. Chase Auto’s originations declined 10%...
Weekly Wrap discussion on sales, incentives
June marked mixed vehicle sales and an uptick in incentives ahead of the July Fourth holiday, while the industry continues to keep an eye on impacts from cyberattacks ...
Weekly Wrap discussion on rising debt, tech, compliance
Higher costs for everyday expenses such as gas, groceries and vehicle insurance have prompted many consumers to turn to credit cards, with rising expenses making it ha...
Discussion on retail POS lending as an opportunity for lenders
Point-of-sale financing as an alternative payment method is a growing opportunity for lenders, technology company Pagaya’s President Sanjiv Das says on this episode of...
Weekly Wrap discussion on CDK attacks, powersports
Car dealerships are leaning on manual processes following consecutive cyberattacks against software provider CDK Global last week. In powersports, RV and marine manufa...
Weekly Wrap discussion on loan production, inflationary pressures
The auto finance industry is showing slight improvements in affordability and loan production while worsening credit performance and inflationary pressures remain conc...
Weekly Wrap discussion on leasing, NAF Summit
Leasing is picking up in tandem with incentives while used-vehicle values decreased in May — positive signs toward improving affordability. While some measures indica...
Weekly Wrap discussion on market share, powersports
Auto lenders were active in the capital markets last month as credit union issuance picked up, while market share among banks and credit unions shifted in the first qu...
Weekly Wrap discussion on AI adoption, affordability
Optimizing efficiency, improving accuracy and customer experience, and automating credit decisions are core uses of artificial intelligence in the auto finance industr...
Weekly Wrap discussion on underwriting themes at AFS East 2024
Several auto lenders had to adjust their underwriting strategies in 2023 to account for worsening credit performance across loans originated in 2021 and 2022, a theme ...
Weekly Wrap discussion on Auto Finance Summit East 2024
Gaining operational efficiencies through artificial intelligence, navigating a challenging EV market and embracing the return of leasing were top themes at Auto Financ...
Weekly Wrap discussion on earnings, sales
First-quarter earnings continued to bring mixed results as vehicle sales slowed in April.
Weekly Wrap discussion on Q1 earnings kickoff
First-quarter earnings kicked off last week with banks reporting a decline in auto originations. Chase Auto and Wells Fargo Auto’s origination volume decreased year ov...
Weekly Wrap discussion on used-car values, new-vehicle sales
Used-vehicle values declined again in March while car sales improved as the industry shifts toward a buyers’ market.
Weekly Wrap discussion on sales, incentives
The return of higher supply levels is contributing to an uptick in incentives and increased new-vehicle sales projections. Meanwhile, the powersports market is feeling...
Weekly Wrap discussion on capital funding, competition
Auto lenders have been active in the past week in funding initiatives, while competition has ramped up across the market.
Weekly Wrap on powersports, tech investment
Powersports lenders project mixed origination volume in 2024 as credit unions and regional banks pull back in the space and consumer application quality declines. In t...
Weekly Wrap on used vehicle values, EVs
Wholesale used-vehicle values ticked down in February while electric vehicle residual values are causing concern for asset-backed securities investors. In this episode...