Capital One Auto releases $26M in provisions amid ‘strikingly strong’ performance
Capital One Auto Finance scaled back its allowance for credit losses in Q4 as consumer credit health remains resilient and...
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Auto collection complaints skyrocket 72% in 2021
Consumer complaints related to vehicle loans and leases increased 12% in 2021, but those centered on the collection of debt...
Biden team says global chip shortage to stretch through 2022
The Biden administration has concluded that a global semiconductor shortage will persist until at least the second half of this...
Tesla’s Model Y seen climbing sales ranks as EVs head for 10 million mark
At the beginning of each year, our analyst team at BloombergNEF pauses to reflect on what happened in our industry and gather...
Fifth Third maintains underwriting criteria amid elevated used-vehicle prices
Fifth Third intends to maintain its underwriting criteria amid elevated used-vehicle values as loan-to-value (LTV) ratios drop in its growing...
Listen: Weekly Wrap on Q4 earnings results and trends
Trends began to surface as fourth-quarter 2021 earnings reports continued to file in during the past week, with Ally Financial,...
Lithium hits ‘Ludicrous Mode’ as battery metal extends 400% gain
Lithium prices are continuing their breakneck ascent in China, with surging electric-vehicle sales underpinning a fivefold gain over the past...
Ally Financial’s floorplan outstandings rise 46% from Q3
Ally Financial’s floorplan outstandings grew in the fourth quarter as the lender gained momentum in a rising rate environment. While...
Floorplans mostly absent from 2021 ABS volume
Floorplan-backed securitizations all but disappeared in 2021. Nextgear Capital was the sole floorplan securitizer with a single $500 million transaction...
