Weekly Wrap: Auto industry pulls back on consumer assistance
This week, the auto industry is eyeing potential increases in delinquency rates as long-term deferrals come to an end. Since the COVID-19 pandemic hit the country in March, lenders have made it a prio...
28 Aug 202024min
Weekly Wrap: digital financing, auto ABS and subprime rates
This week, the news cycle was dominated by the Democratic National Convention and former Vice President Joe Biden’s presidential nomination amid increasing jobless claims following two straight weeks ...
21 Aug 202018min
Weekly Wrap: Carvana, the refi market and compliance
This week, Carvana reported that it was maintaining its tighter credit underwriting policies, an emerging trend Auto Finance News first reported last week in the Federal Reserve’s senior loan officer ...
14 Aug 202011min
Weekly Wrap: Ford Credit earnings and compliance experts on best practices
This week, Ford Motor Credit propped up Ford Motor Co.’s second-quarter performance with strong consumer loans and leases, and low delinquency rates as major banks tightened credit underwriting standa...
7 Aug 20209min
Weekly Wrap: The tail end of Q2 earnings
This week, second-quarter earnings wrapped up on a positive note with presentations from GM Financial, Santander Consumer USA and Harley-Davidson. An Auto Finance News analysis also found that Carvana...
31 Jul 202018min
Weekly Wrap: subprime performance and captives’ market share
This week, the Auto Finance News team took a deep dive into how the pandemic is affecting subprime lenders. Auto, however, may shine bright in the coming months. Capital One saw an increase in auto or...
24 Jul 202016min
Weekly Wrap: second-quarter earnings season kicks off
This week Bank of America, Chase Auto, PNC Financial, U.S. Bank and Wells Fargo Auto all reported increases in allowances for credit losses despite a dip in delinquencies and charge-off rates, a trend...
19 Jul 202015min
Fintech, CFPB complaints and vehicle values: a closer look
This week, Auto Finance News took a deep dive into the driving factors behind the goals of two fintech lenders entering the auto finance space on the heels of pandemic-driven growth. We also looked a...
10 Jul 202019min
