Podcast: ‘Weekly Wrap’ on GM Financial, CAC earnings
Earnings season continued last week with GM Financial and Credit Acceptance Corp. reporting a rise in originations and worsened consumer...
Group 1 F&I revenue grows 8%
Group 1 Automotive’s finance and insurance profits increased in the fourth quarter while finance attachment rates were pressured. The retailer’s...
Credit Acceptance Corp. originations increase 27%
Credit Acceptance Corp.’s originations jumped for the seventh consecutive quarter as compressed margins and stricter access to capital prompted other...
Polaris increases promotions amid pricing competition
Powersports manufacturer Polaris increased promotional activity in the fourth quarter amid heavy discounting by competitors as inventory has recovered. Polaris...
Marine discounts on the rise
Boat discounts are picking up as manufacturers aim to move units amid increased inventory, high prices and elevated interest rates. ...
Auto origination volume varied across banks in Q4
Origination volumes in the fourth quarter were mixed across the banks that reported auto lending metrics as some institutions tightened...
Capital One originations tumble, delinquencies rise
Capital One Auto Finance’s origination volume declined in the fourth quarter following a ramp-up in auto lending during the second...
Kawasaki adds Octane as prime lender
Octane Lending is set to offer promotional financing for Kawasaki Motor Corp. recreational units in a move that will expand...
