Displaying 201 - 220 of 290 in total
Weekly Wrap: Descending used-vehicle values and an influx of funding
The auto finance industry is poised for change as used-vehicle values declined for the second straight month following nearly a year of record increases. Meanwhile, th...
Weekly Wrap: Lenders find new ways to combat low inventory
Squeezed inventory could mark a shift in the auto finance industry as OEMs look for alternative ways to meet consumer demand. Ford Motor Chief Executive James Farley...
Weekly Wrap: Q2 earnings brings recoveries on NCOs, auto book growth
Several auto lenders have benefited from positive recoveries and growth in their auto portfolios during the second quarter of 2021. In this episode of the Weekly Wrap,...
Weekly Wrap: Q2 earnings season kicks off
Last week, second-quarter earnings season kicked off, with Bank of America, Chase Auto, Truist Bank, U.S. Bank and Wells Fargo Auto all reporting growth in auto loan v...
Weekly Wrap: Santander Consumer’s potential acquisition and used vehicle values
Last week, used-car values began to cool after meteoric rises over the past five months set new records for the Manheim Index and drove up the country’s inflation figu...
Weekly Wrap: Exeter acquisition and revised June SAAR
Last week, subprime lender Exeter Finance announced it will be acquired yearend 2021 by private equity firm Warburg Pincus from a fund managed by Blackstone, which has...
Weekly Wrap: CarMax reaps the benefits of lower cost of funds, investment in auto finance ramps
The auto finance industry has in many ways benefited from a combination of lower funding costs and pricier cars, but ancillary service providers are feeling the pinch ...
Weekly Wrap: Cryptocurrency 101 for auto lenders, and asset recovery
Last week’s look at the asset recovery industry showed that repossession companies have yet to see repo volume return to pre-pandemic levels. Meanwhile, blockchain and...
Weekly Wrap: CUs put increased deposits to work in auto
Last week, credit unions once again took center stage, with CU Loan Direct posting 100% year-over-year origination growth as the company expands into new markets and i...
Weekly Wrap: How long can used-vehicle values stay elevated?
This week, the Manheim Used Vehicle Value Index reached 203.3, the highest in its history and the first time it has ever surpassed the 200 mark, reigniting affordabili...
Weekly Wrap: Declining vehicle demand, increased NCOs may be on the horizon
Tight supply continues to drive up used-car prices, sparking concerns about how long consumer demand will hold up.
Weekly Wrap: Can e-commerce momentum continue?
Last week, the Auto Finance News team rounded out the last of first-quarter earnings results from online retailers Carvana, Vroom and Shift Technologies, all of which ...
Weekly Wrap: Top takeaways from the Auto Finance Risk Summit
Last week, the Auto Finance News team wrapped up its final event of the spring season, the Auto Finance Risk Summit. Auto lenders from all corners of the industry cite...
Weekly Wrap: Navigating looming risk factors during COVID-19 recovery
Rebounding origination volumes, improving recovery rates and strong credit performance have defined the auto finance industry’s first quarter of 2021 for many lenders,...
Weekly Wrap: A look at COVID recovery in Q1 2021
The first quarter of 2021 has proved a bright spot after many months of stressed vehicle sales due to the COVID-19 pandemic. Multiple auto lenders saw their auto books...
Weekly Wrap: EV financing trends and auto’s post-pandemic resurgence
Last week, an Auto Finance News analysis provided a window into electric vehicle financing trends financed on Vroom’s platform, and more banks, such as Fifth Third, PN...
Weekly Wrap: Q1 2021 earnings point to auto’s further recovery
Last week, publicly-traded banks started releasing their earnings reports, and once again, performance remains strong this quarter. Optimism is running high as last we...
Weekly Wrap: Tackling compliance ambiguities in auto finance
The auto finance industry has recently seen the removal of certain ambiguities in compliance and regulation practices. The U.S. Supreme Court, for one, clarified the ...
Examining effective specialty recovery processes in auto finance
Lenders are coming face to face with the ever-growing need for a strategy for effective specialty recoveries, and no two auto lenders are alike. Auto portfolios have u...
Weekly Wrap: Inventory woes ripple into incentive spending, monthly payments
Last week, the Auto Finance News editorial team examined the decrease in incentive spend in February and rising monthly payments in the new- and used-vehicle market, t...