Ally Financial net charge-offs expected to double by year end
Ally Financial forecasts its retail auto net charge-offs (NCO) to be between 1.8% and 2.1% of its portfolio by the...
July Beige Book: Tightened inventory to deter sales growth
A squeeze in vehicle inventories could affect budding car sales across the U.S. following pandemic-spurred shutdowns, the Federal Reserve System...
PNC pumps up allowance for credit losses amid reduced delinquencies
PNC Financial Services is ratcheting up its allowance for credit losses amid the industrywide trend of dwindling delinquency rates in...
Repo agencies unprepared for fall auto default surge
Auto repossessions are expected to surge above pre-pandemic levels as lender deferral programs begin to peter out in the coming...
NMAC CEO: No matter the crisis, consistency is key [Spotlight]
Three months into the spread of the global coronavirus pandemic, the auto industry has seen record changes across the board:...
Wells Fargo’s Tanya Sanders is the 2020 Women in Auto Finance keynote speaker
Tanya Sanders is Wells Fargo Auto's head of retail underwriting and fulfillment The Auto Finance News team is pleased to...
BMW, Daimler look to EV market to recover sales
BMW Group and Daimler AG have their sights set on the sustainability of the electric vehicle market, despite vehicle sales...
Asbury rebounds for second shot at Park Place acquisition
Asbury Automotive Group will finally acquire assets from luxury dealer group Park Place after an unsuccessful run at the deal...
