Earnings
Tesla gains as first $1 billion quarter adds earnings momentum
Tesla Inc. reported better-than-expected earnings as record sales of its electric vehicles fattened margins and carried the company to a...
Weekly Wrap: Q2 earnings brings recoveries on NCOs, auto book growth
Several auto lenders have benefited from positive recoveries and growth in their auto portfolios during the second quarter of 2021....
Fifth Third logs 23% YoY growth in auto in Q2
For the fifth consecutive quarter, auto loans propped up Fifth Third Bank’s overall consumer portfolio. The bank’s indirect secured consumer...
AutoNation clocks a 49.8% YoY increase in F&I revenue in Q2
Finance and insurance (F&I) revenue jumped again at AutoNation amid increased attachment rates as more consumers turn to voluntary protection...
Capital One posts 56% YoY jump in auto originations in Q2, recovery on NCOs
Capital One is the latest auto lender to experience a swing from net charge-offs to net recoveries and auto book...
HDFS records 29% YoY increase in originations as provisions drop
Harley-Davidson Financial Services increased its origination volume in the second quarter despite inventory constraints plaguing the powersports industry. New retail...
Citizens One Auto Finance takes $2M in recoveries as ACL coverage shrinks
Citizens One Auto Finance became the third lender in the last week to record positive recoveries on net charge-offs (NCO)...
Ally Financial posts positive recovery on NCOs, surging lease yields in Q2
Reserve releases and record used-vehicle values fueled a positive recovery rate on net charge-offs at Ally Financial and boosted lease...
