Displaying 201 - 220 of 299 in total
Weekly Wrap: Q3 earnings predictions
JPMorgan Chase kicks off the third-quarter earnings season on Wednesday.
Weekly Wrap: Inside Rivian’s IPO
Last week, electric vehicle manufacturer Rivian unsealed its initial public offering filing with the U.S. Securities and Exchange Commission, which brought to light fu...
Weekly Wrap: New-vehicle sales decline, legal woes plague subprime lender
Automakers are preparing for yet another month of slowing new-vehicle sales as the semiconductor chip shortage worsens and supply dries up. Meanwhile, the co-founders ...
Weekly Wrap: Credit union trends and the risk of complex tech stacks
Last week, the Auto Finance News team examined credit union trends in auto finance and attended the 2021 FinovateFall, the latter of which highlighted a handful of pro...
Weekly Wrap: Eyeing vehicle values, funding and digital adoption
The auto finance industry this week saw falling used-vehicle values, new funding and further adoption of digital tools.
Weekly Wrap: Rise of new partnerships, acquisitions
The past week brought news of a new acquisition and partnership within the auto finance industry.
Weekly Wrap: Tight supply brings new norms in automotive and powersports industries
Pandemic-related inventory constraints continue to force automotive and powersports OEMs, dealers, lenders and consumers to adapt, with some OEMs, such as General Moto...
Weekly Wrap: Powersports dealers adapt to low inventory
The powersports finance industry is facing many of the same challenges as auto, including a lack of new supply due to the chip shortage, production constraints and hig...
Weekly Wrap: Auto lenders eye low cost of funding, rideshare rebound, return to office
Auto lenders are keeping an eye on funding, the rideshare revival and the challenge of navigating the return to offices amid rising COVID-19 cases.
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.