Weekly Wrap discussion on nonprime consumers, improvements on affordability
Near prime and nonprime consumers are seeing some relief from affordability challenges in the automotive industry following rate cuts by the Federal Reserve but remain cautious about elevated monthly ...
25 Nov 202418min
Podcast: Synthetic fraud rises in powersports, auto
Auto originations have picked up industrywide even as average payments remain elevated, while manufacturers are increasing incentives to move inventory. Originations totaled 6.4 million contracts in ...
18 Nov 202410min
Podcast: Discussion on automakers' October sales
Sales at most major automakers increased in October, driven in part by an increase in EV sales. Overall sales increased for American Honda, Ford Motor Co., Hyundai Motor America, Mazda North America a...
11 Nov 20245min
Podcast: Discussion on Q3 earnings, auto lease ABS issuance
More auto lenders announced year-over-year origination growth last week in their third-quarter earnings reports. Carvana posted a 35.5% YoY increase in originations in Q3 as retail sales jumped 34.2% ...
4 Nov 20243min
Podcast: Q3 captive originations are mixed
28 Okt 20248min
Q3 bank earnings offer mixed results
Bank earnings last week highlighted mixed results as some institutions saw an uptick in auto originations while others’ portfolios shrank. Bank of America’s auto originations rose 16.2% year over yea...
21 Okt 20246min
Q3 earnings season kicks off, Octane enters marine market
Chase Auto and Wells Fargo kicked off the Q3 earnings season last week, with both lenders reporting flat or lower origination volume on a year-over-year basis. Wells Fargo’s auto originations hit $4.1...
14 Okt 20244min
Auto credit performance worsens, prompts provision spike
High rates and rising consumer debt levels still drive a worsening auto loan landscape. Delinquencies and losses rose across prime and nonprime securitized auto loans in Kroll Bond Rating Agency’s Au...
30 Sep 20246min
