Earnings
Vroom’s e-commerce profit jumps 106% in Q2
Vroom’s e-commerce gross profit per unit (GPU) set a record in the second quarter as the online auto retailer began...
Listen: Weekly Wrap discussion on credit availability, used vehicles
Last week the auto finance industry entered the tail end of second-quarter earnings season as used-vehicle values depreciated for the...
Carvana Q2 originations grow 6.1% YoY
Rising interest rates and wider credit spreads are putting the squeeze on Carvana’s financing business, even as origination volume and...
Open Lending cert volume declines
Automotive fintech Open Lending’s certified loan volume fell year over year in the second quarter as the industry faces continued...
EV pre-orders pick up as production tightens
Electric vehicle pre-orders picked up in the second quarter at major EV manufacturers as production continues to lag behind demand. ...
F&I revenue results mixed in Q2, Penske pauses captive push
Finance and insurance (F&I) revenue in the second quarter decreased year over year at two of the largest automotive retailers,...
Credit Acceptance origination volume climbs 22%
Subprime lender Credit Acceptance Corp. (CAC) logged a 22% year-over-year jump in consumer loan assignments on a dollar basis and...
Nicholas Financial direct originations rise 10%
Nicholas Financial’s indirect and direct originations climbed year over year in the first quarter as the lender focuses on underwriting...
