Weekly Wrap on tech, leasing moves in auto finance
Auto lenders continued their investment in technology advancements as the industry leans into widespread digitization amid uncertain economic conditions. In this episode of the Weekly Wrap, the Auto F...
15 Aug 202210min
Weekly Wrap on credit availability, used vehicles
Last week the auto finance industry entered the tail end of second-quarter earnings season as used-vehicle values depreciated for the second straight month and the unemployment rate remained strong. C...
8 Aug 20229min
Weekly Wrap on Ford, GM and powersports earnings
Earnings season continued in full swing last week, with two major powersports OEMs and two U.S.-based captives reporting second-quarter results. In this episode of the Weekly Wrap, the Auto Finance Ne...
1 Aug 202211min
Weekly Wrap on Q2 pullback in auto
Ally Financial, Bank of America, Capital One, Huntington Bank and Truist posted auto loan growth, while U.S. Bank, Citizens and Fifth Third Bank logged sequential declines in outstandings. Capital One...
25 Jul 20228min
Weekly Wrap on Q2 earnings season kicks off
Last week, second-quarter earnings season kicked off with Chase Auto, PNC Financial and Wells Fargo Auto reporting drops in auto loan production, painting a less-than-optimistic outlook for the indust...
18 Jul 20229min
Weekly Wrap on auto ABS, used-vehicle values and CPS’ credit facility
Last week, used-vehicle values continued to shift amid improving inventory and slowing used-car sales. Meanwhile, CarMax Auto Finance, Hyundai Capital America, Santander Consumer USA and Vroom all ann...
11 Jul 20228min
Weekly Wrap on FTC junk fees and electric vehicle lease buyouts
Last week, the Federal Trade Commission zeroed in on junk fees as regulators increase their focus on auto lending, and Ford Motor Co. halted lease buybacks on its electric vehicle (EV) product line to...
6 Jul 202212min
Weekly Wrap on Ford Credit debt exposure reduction, declining SAAR
Last week, Ford Credit increased its purchase offer on outstanding debt securities to $3 billion as the industry forecasts declining vehicle sales in June, while interest rates rise and consumer senti...
27 Jun 20224min
