Displaying 61 - 80 of 289 in total
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...
Weekly Wrap discussion on credit tightening, performance
The auto finance industry continues to face a tightened credit environment, worsening credit performance and recoveries, and shrinking subprime market share as afforda...
Weekly Wrap discussion on aftermarket compliance, EVs
Aftermarket product sales have become more crucial for dealerships as vehicle profits decline, prompting the industry to increasingly turn to digital finance and insur...
Weekly Wrap discussion on auto finance growth, powersports earnings
Auto lenders expect 2024 to be a year of growth driven by technology updates and loosening credit standards. Powersports sales and financing performance are mixed.
Weekly Wrap discussion on GM Financial, CAC earnings
Earnings season continued last week with GM Financial and Credit Acceptance Corp. reporting a rise in originations and worsened consumer credit performance.
Weekly Wrap discussion on Vroom, Sonic Automotive closures
Rising costs and limited supply have created challenges for used-car retailers, evidenced by Vroom’s planned shutdown of its used-car sales and e-commerce business and...
Podcast: ‘Weekly Wrap’ on mixed Q4 bank earnings
Elevated interest rates contributed to a competitive landscape that prompted some banks to slow auto lending activity in the fourth quarter while others saw growth in ...
Weekly Wrap discussion on Q4 earnings kickoff
Fourth-quarter earnings season kicked off with several banks reporting mixed results in auto originations as some tightened credit and others picked up auto lending ac...
Weekly Wrap discussion on EV tax credit changes
Stricter federal tax credit requirements for electric vehicles have prompted price cuts, incentives, and dealer operation changes. Lower interest rates and low unemplo...
‘On the Job’ with CULA’s Mark Chandler
Mark Chandler, vice president for business development at Credit Union Leasing of America, lives and breathes the auto industry and leads his team with an infectious p...
Weekly Wrap discussion on 2023 highlights, 2024 expectations
Affordability and profitability were top of mind for auto lenders in 2023, and 2024 is set to be a year of cautious growth as rates come down.
Weekly Wrap discussion on tightened credit, powersports growth
Elevated interest rates and inflationary pressures have prompted auto lenders to tighten credit, leading credit unions to step back and create opportunities for other ...
Weekly Wrap discussion on sales, pricing
Incentives and lower monthly payments are helping drive leasing as vehicle sales improved in November. More than 27% of prime and superprime consumers chose to lease ...