Earnings
Huntington Auto’s dealer floorplan continues decline in Q1
Huntington Auto Finance again experienced a decline in floorplan assets in the first quarter of 2021 as the industry grapples...
Citizens Bank eyes auto loan growth on coattails of recovery
Citizens Auto Finance has its sights set on growth in the second half of 2021 as the economy continues to...
Daimler sees Mercedes margins surging to highest in years
Daimler AG forecast that its main Mercedes-Benz unit will be more profitable than it’s been in years thanks to resurgent...
PNC Financial’s auto book shrinks for fourth consecutive quarter
PNC Financial Service’s auto book shrank for the fourth consecutive quarter, contributing to an overall decline in consumer loans during...
Protection products drive F&I profit at AutoNation
Vehicle protection products (VPP) are driving finance and insurance gross profit per vehicle retailed (PVR) at AutoNation in the first...
Fifth Third’s auto book props up consumer portfolio for third straight quarter
Indirect auto loans again offset declines in Fifth Third Bank’s overall consumer portfolio in the first quarter. Following three quarters...
AutoNation CEO says chip shortage could drag on for a year
The global semiconductor shortage that’s crippling the auto industry could drag on for as long as a year, according to...
Auto growth, positive credit performance continue at US Bank
U.S. Bank’s auto portfolio grew for the third consecutive earnings period in the first quarter of 2021 as credit performance...
