Ally Financial, Capital One, Huntington Bank auto originations mixed
Ally Financial, Capital One and Huntington Bank posted mixed results in the second quarter for auto originations and credit performance. Ally Financial’s auto originations rose 20.9% year over year i...
27 Jul 7min
Wells Fargo Auto, Chase Auto originations jump in Q2
National and regional bank second-quarter earnings point to mixed performance as larger banks lean into auto production while regional banks held steady or scaled back amid market volatility. Wells F...
20 Jul 6min
Subaru Motors Finance to target first-time buyers, expand credit access
Subaru Motors Finance plans to expand its underwriting to attract more first-time buyers, Managing Director Michael Cottone tells Auto Finance News in the latest episode of “The Auto Finance Roadmap P...
13 Jul 23min
BMW Financial’s lease penetration normalizes post-EV tax credit
BMW Financial Services’ lease penetration has normalized following the elimination of the federal electric vehicle tax credit, says Ole Jensen, chief executive and president of the captive in North Am...
6 Jul 23min
Rising insurance costs add to affordability woes
Car buyers are facing a tough market as rising insurance costs add to vehicle ownership expenses and lenders are mindful of high loan-to-value ratios. The national six-month auto insurance premium ro...
29 Jun 11min
Podcast: Carvana, CarMax sales rise, interest rates decline
Auto retailers are gaining momentum on the heels of increased sales and finance volume even as the industry navigates continued affordability headwinds. Carvana last week opened its first test-drive ...
22 Jun 10min
Carvana VP of finance talks rate cuts, profitability, sales growth
Carvana has lowered its interest rates as its profitability, sales and finance volume improve. The Tempe, Ariz.-based retailer in the past year has focused on expanding inventory to meet consumers’ ne...
15 Jun 19min
Buyers’ AI-powered research reshapes powersports purchases
AI-powered research tools are changing how consumers shop for powersports vehicles, prompting dealers to spend more time explaining financing options and correcting misconceptions about rates, promoti...
8 Jun 18min
