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 high consumer demand. Powersports de...
23 Elo 202111min
Weekly Wrap: Auto lenders eye low cost of funding, rideshare rebound, return to office
Consumer Portfolio Services, for one, benefited from the low cost of funding on the asset-backed securities market, selling on June 30 $50 million in 7.86% notes backed by residual interests retained ...
17 Elo 202112min
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, the industry also saw an influx of ...
9 Elo 202112min
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, for one, said during the company...
2 Elo 20219min
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, Associate Editor Amanda Harris a...
26 Heinä 202110min
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 volume and strong credit performan...
19 Heinä 202111min
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 figure. Meanwhile, the Auto Finance N...
12 Heinä 202113min
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 owned 91.26% of Exeter since Aug...
6 Heinä 202115min
