Earnings
HDFS portfolio up 3.1% YoY in Q2
Harley-Davidson Financial Services’ (HDFS) managed portfolio rose 3.1% year over year during the second quarter due to increased motorcycle sales...
Ford Credit profitability ticks up in Q2
Ford Credit’s second quarter was marked by improved profitability despite a decline in outstandings due to industrywide supply woes and...
GM Financial originations grow 11% QoQ
GM Financial’s originations ticked up sequentially despite an industrywide slowdown in sales as new-vehicle inventory remains constrained and interest rates...
CPS logs record monthly origination volume
Consumer Portfolio Services nearly doubled its portfolio year over year in the second quarter on the heels of expansion into...
Listen: Weekly Wrap on Q2 pullback in auto
Last week, second-quarter earnings pointed to mixed results as some financiers grew their auto books while others intentionally stepped back...
AutoNation acquiring CIG Financial to form captive
AutoNation has announced an agreement to acquire CIG Financial for $85 million to launch a captive finance arm. The transaction...
Capital One slows auto production in Q2
Capital One is the latest lender to intentionally back off auto lending in the second quarter as interest rates rise,...
Fifth Third lowers auto loan production in Q2
Fifth Third Bank’s auto outstandings declined in the second quarter as the bank plans to further lower auto loan production...
