Earnings
Santander drives up Chrysler Capital penetration rate, shuffles leadership
Santander Consumer USA increased its Chrysler Capital quarterly penetration rate as a leadership change will have Shawn Allgood head Chrysler...
Newly minted Daimler Mobility to focus on ride-hailing
To coincide with its rebranding to Daimler Mobility AG, the captive lender formerly known as Daimler Financial Services intends to...
Ally Financial expands used-car share, drives higher yields
Ally Financial's focus on used-vehicle originations is propping up its auto portfolio yields, according to the bank's second-quarter earnings report....
Bank of America’s direct lending portal gains traction
Bank of America’s technology initiatives continue to gain traction with consumers, according to second-quarter earnings filed with the Securities and...
Wells Fargo, Chase boost auto originations in 2Q
Wells Fargo and JPMorgan Chase recorded auto origination levels last quarter unseen in several years, according to results filed with the...
Auto Outstandings Grow 30% YOY at 5 Largest Credit Unions
Auto outstandings at the nation's five largest credit unions increased year over year, totaling $32.5 billion last year compared with...
Axis Auto Posts Quarterly Loss Amid Expansion Efforts
Axis Auto Finance recorded a $1.7 million net loss for the quarter ending March 31 despite doubling outstandings year over year,...
Ride-Hailing Services Struggle for Profitability in 1Q
Uber Technologies posted a $1.03 billion loss during the first quarter, more than double the $478 million loss recorded in...
