Earnings
Digital portal funnels half of Bank of America’s direct loan originations
Bank of America’s direct-to-consumer online portal accounted for 56% of direct auto loan originations, according to the bank’s fourth-quarter earnings,...
Wells Fargo, JPMorgan Chase ratchet up originations in 4Q19
Wells Fargo and JPMorgan Chase ramped up originations in the fourth quarter of 2019, according to earnings reports released today. Wells Fargo...
CU auto outstandings top $374B in 3Q
Credit unions closed out the third quarter with a combined $374.2 billion of new- and used-auto loan outstandings, up 3.5%...
Ally on track for 20% growth as dealers ramp up volume, analyst predicts
Ally Financial’s originations are on pace to increase 20% in the coming years as the non-General Motors and non-Chrysler dealers in...
Ally’s Doug Timmerman named Auto Finance Executive of the Year
Auto Finance News is pleased to announce Doug Timmerman, Ally Financial’s president of auto, as the inaugural Auto Finance Executive...
Nicholas Financial maps growth trajectory
Nicholas Financial has outlined expansion plans for its direct loan product and branch network, according to a Nov. 14 SEC...
Oportun debuts auto refi product
Oportun Financial rolled out an auto refinance product this week after applying lessons learned from a retail loan offering that...
Carvana posts triple-digit origination growth YOY
Carvana’s originations hit $1.9 billion in the third quarter, a 115% year-over-year increase. Third-quarter revenue increased 105% to $1.1 billion,...
