Earnings
Wells Fargo Auto Originations Climb Despite Shrinking Portfolio
Via Ron Cogswell/ Flicker Though Wells Fargo Auto’s portfolio declined in the third quarter, the bank posted higher origination volume...
Auto Finance Feels the Pressure of Fed’s Rate Hikes
© Can Stock Photo / alphaspirit Major automakers are reporting declines for U.S. sales as signs of tightening credit conditions...
Tesla Hints at Direct Leasing for Model 3s
Tesla Model 3 (Via Tesla) Tesla has improved its car production numbers and has signaled that it will soon turn...
CarMax Auto Finance Grows Portfolio as One Third-Party Lender’s Performance Deteriorates
CarMax Auto Finance grew income 1.6% year over year to $109.7 million in part due to a decrease in fees...
Chrysler Capital More Than Doubles Originations in New York
2018 Jeep Grand Cherokee Trackhawk (Via FCA) Chrysler Capital is making a big sales push in New York state as...
Carvana Originations More Than Double Amid Geographic Expansion
Carvana’s originations of finance receivables increased to $525.8 million during the first six months of 2018, compared with $223.8 million...
Tesla’s Accounting Changes Muddle Captive’s Results
Tesla Model 3 (via Tesla press kit) Tesla Financial Services reported growth in its leasing portfolio, but because of an...
VW Financial Services Grows Portfolio in First Half of 2018
© Can Stock Photo / hin255 Volkswagen Financial Services increased outstandings by 4.7%, in addition to seeing growth in originations,...
