Earnings | Auto Finance News - Part 9

SURVEY: AFN Wants to Hear From You

Because we value our community, we want to hear from you, the reader, about how we can improve Auto Finance News. Auto Finance News is the industry’s leading news source on financing in the automotive market, dedicated to providing exclusive content on trends, capital markets, nonprime and subprime lending, leasing, OEM activity, innovation, and the latest […]

Auto Finance Summit 2018 Registration Opens With New Networking Events

Registration for the 2018 Auto Finance Summit, the world’s premier auto finance event, opens today.   The 18th annual event will take place October 24 – 26 at The Wynn in Las Vegas. Registration can be submitted here. This year, Auto Finance News and Royal Media are offering new sessions and activities to connect with […]

Credit Acceptance Grows Volume As Collection Rate Forecasts Fall

Credit Acceptance Corp. grew its origination volume 18.5% year over year in the first quarter but continues to forecast lower collection rates for the loans it’s originating, the company reported in earnings today. The company originated 112,345 auto loans in the first quarter ending in March, up from 94,809 the same period the year prior. […]

Chase Renews Jaguar Land Rover Partnership Amid Retail Growth

Jaguar Land Rover North America will retain Chase Auto Finance as its private label lending partner, extending the decade-long relationship, the companies announced today. Chase will continue to provide customized retail, lease, and commercial finance offerings as well as strategic support to more than 330 retailers in the U.S. through Jaguar Financial Group and Land […]

Huntington Grows Portfolio Amid Super-Prime Push

Huntington Auto Finance managed to grow its portfolio by 8% year over year while originating loans at higher super-prime credit tiers, the bank reported during its first-quarter earnings call last week. The Columbus, Ohio-based bank held auto balances of $12.1 billion during the quarter compared with $11.2 billion the same time the year prior. Huntington’s […]

Santander Leans on Chrysler Volume to Offset Runoff

Santander Consumer USA grew originations of Chrysler retail loans 24% year over year to $1.9 billion, reflecting a strategy started last fall to get into a “good rhythm” with the OEM, Santander Chief Executive Scott Powell said during the company’s first-quarter earnings call. “There’s no magic to it,” Powell said, noting that Santander is simply […]
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