Earnings
ABS East: Subprime Auto is a Strong Performer, Experts Say
MIAMI — Subprime auto is a good bet for ABS investors, panelists on the Consumer ABS Financing Outlook roundtable said at...
Bankers Unfazed by Potential Interest Rate Hike
Bankers with billion-dollar auto loan portfolios said they expect minimal, if any, impact from a rise in interest rates, as the...
Rainy Day Fund: SCUSA Covers High-Risk, High-Return Loans
Provisions for credit losses are up for Santander Consumer USA, not because of any unexpected problems with loan performance, but...
Auto Lending: The CFPB’s New Focus. How do you know if you are compliant? [SPONSORED]
Since it was established by the Dodd-Frank Act, the CFPB has ushered in a new era of regulatory scrutiny, and...
CPO Decline Seasonal, Not a Trend, Expert Says
After 14 consecutive months of growth, sales for certified pre-owned vehicles dropped 1% in August year-over-year, according to sales data compiled by...
Three Reasons to Follow Up on Lost Sales
A typical lender receives anywhere from five to 20 loan applications for every one contract. Experts say, there is a...
Ford Sales Hit Record High on Strong Utility Demand
Ford Motor Co. saw strong demand in utilities “almost across the board” in August, said Mark LaNeve, Ford’s vice president...
TD Auto Ups Volume in Lower-Margin Super-Prime
TD Auto Finance is increasing U.S. auto loans without increasing risk, with the trade-off of lower margins on the low-risk, “super-prime”...
