Earnings
Ally Auto Originations Rise 23% to $11.8 Billion in 3Q
Ally Financial Inc.’s auto originations grew 23% year-over-year to $11.8 billion for the third quarter, up from $9.6 billion at...
GMF Originations Climb Despite Lower 3Q Earnings
Consumer loan originations climbed 64% at General Motors Financial Co. in the third quarter, and lease originations shot up 134%...
Asbury Automotive Names New COO on Heels of Earnings
David W. Hult will be the new chief operating officer of Asbury Automotive Group, the company announced on Thursday, effective...
Huntington to Return to ABS Market in 2015
Steve Steinour, chairman, president, and chief executive at Huntington Bancshares announced, during the 3Q earnings call on Friday, that the...
Cap One’s Auto Originations Up, Mainly in Prime
Capital One Financial Corp. posted a 14% year-over-year growth in auto originations, according to its 3rd quarter earnings, released on...
PNC Consumer Auto Loan Business Slowing
While PNC Bank saw growth in auto finance last quarter, that growth was slowed because of declining credit quality. “It jumped...
Wells Fargo Portfolio Grows by More Than $1 Billion in Quarter
Wells Fargo & Co. reported that its 3Q 2014 portfolio was $55.2 billion, up $1.2 billion over 2Q’s $54 billion...
Collateral Drifting for U.S. Prime Auto ABS, Fitch Says
Risk appetites are on the rise. It may come as no surprise that since 2011, auto finance company risk appetites...
