Earnings
Carvana holds off on loan sales
Carvana held onto a higher volume of finance receivables on its balance sheet in the first quarter to maximize yield...
PNC Financial’s floorplan utilization rate recovering
PNC Financial’s floorplan utilization rate is gradually returning to pre-pandemic levels as inventory on dealer lots continues to improve. Utilization...
Ford Credit hits half of annual funding target in Q1
Ford Credit completed half of its annual funding plan in the first quarter despite rising interest rates that are compressing...
Pricing dynamics lead to mixed Q1 bank results
Compressed margins, increased pricing competition and a shift toward more profitable lines of business in the first quarter drove attrition...
Credit Acceptance consumer loan volume up 19%
Subprime auto lender Credit Acceptance Corp.’s loan portfolio grew in the first quarter as collection rates stabilized. Credit Acceptance Corp....
Listen: Capital One, CPS, GM Financial report earnings to mixed results
First-quarter earnings continued last week, with Capital One Auto Finance, GM Financial and Consumer Portfolio Services reporting mixed results, in...
Auto retailers’ F&I revenue drops, floorplan expenses rise
Auto retailers’ finance and insurance revenue dipped in the first quarter while floorplan interest expenses rose nearly across the board...
Brunswick boat sales up 17% YoY
Boat sales remain high and inventories continue to increase as normal seasonality is returning alongside a mixed industry and macroeconomic...
