Earnings
U.S. Bank on Track to Double Auto Originations
U.S. Bank bolstered volume last quarter as it moved down the credit spectrum to offer used-car loans in the near-prime...
M&T Sees First Quarter Loan Growth
M&T Bank said in its first quarter 2014 earnings call that it saw growth in its auto floor plan loans....
Chase Posts Auto Increase
Chase Auto Finance saw originations increase both year-over-year and from the prior quarter, making the business one of the few...
Forecast for Auto Finance’s Future
In today's rising rate environment, and despite surging car sales, the industry's future remains shaky. Compliance and competition -- call...
Did Ally’s CEO Deserve Nearly $10 Million in 2013?
Much has been made about the $0 salary of Ally Financial Inc. CEO Michael Carpenter over the last few years....
Carfinco’s U.S. Ops Could Represent 10% of Earnings in 2014
Carfinco’s move into the United States ― 118 days before yearend ― contributed $700,000 to earnings last year. At that...
Is Market Saturation Driving Down Rates?
Time magazine weighed in on the auto finance industry this weekend with a piece looking at the low rates currently being offered to...
Chase Cuts Dealerships
Chase Auto Finance has stopped accepting loan applications from 1,800 dealers ― about 11% of its dealer base ― according...
