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 Jul 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 Jul 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 Jul 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 Jul 202115min
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 of rising product costs. CarMax A...
28 Jun 202113min
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 cryptocurrency company Carnomaly...
21 Jun 202112min
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 increases the number of participat...
14 Jun 202110min
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 affordability concerns as new-vehicle invent...
8 Jun 202112min
