Earnings
SCUSA in the Market for More Business Partnerships, EVP Says
LAS VEGAS -- Santander Consumer USA is more than seven times as large as it was five years ago, in large...
Fan Base Drives Alfa Sales … For Now
Incentives are creeping higher, but the Alfa Romeo brand is an exception to the rule, analysts said. Average incentive spending for...
Dealer Groups Gain in F&I Per Vehicle
On Thursday, Penske Automotive Group reported barely higher average F&I revenue per vehicle of $1,098, up $2 from a year ago, making...
SCUSA Reports Tougher Competition, Drops Personal Loans
Santander Consumer USA is keeping an eye on more aggressive competition in leases and in near-prime auto loans. "People are being...
Ally Volume Nearly Flat Despite Steep Drop in GM Incentives
Ally Financial Inc. auto originations declined less than 1% to $11.1 billion in the third quarter even though Ally's subvented...
Subprime Auto ABS Volume Inches Up With Two New Issuances
By Larissa Padden and Diana Asatryan Subprime is a steady contributor to the auto ABS market, and it’s no wonder...
GM Drops Loan Incentives for Ally, Steers Them to GM Financial
General Motors and captive GM Financial dropped the other shoe today, announcing that GM would drop Ally Financial Inc. from...
Fifth Third Says Too Soon to Predict Effect of CFPB Consent Order
Outstanding auto loans decreased slightly from a year ago for Fifth Third Bank in the third quarter. Meanwhile, the bank...
