Earnings
Credit Acceptance Expands Subprime Lending While Losses Spike
While some lenders in the subprime space are pulling back, Credit Acceptance Corp. continues to originate higher loan volumes, extend...
Shift in Charge-Off Timing Leads to Hike in Losses at Capital One
Capital One Financial Corp.’s auto charge-off rate rose 42 basis points year over year -- to 1.25% -- in the...
Loan-to-Value Ratio Hits 4-Year Low at CPS
JJ Hornblass (left), president and CEO of Royal Media Group, sits down with Consumer Portfolio Services CEO, Charles Bradley, for...
Daimler Invests in Mobility for Boon in Financial Services Division
Via Daimler Financial Services Daimler Financial Services is looking to grow its portfolio by more than 5.5% through 2020, largely...
Santander Makes Unexpected Subprime Gains as Competitors Pullback
Via YouTube Following two consecutive quarters of double-digit origination declines, Santander Consumer USA came up relatively flat in total volume...
GM Financial Preps for Lease Slowdown Amid Declining Values
GM Financial's booth from NADA Convention & Expo 2017. (Photo by William Hoffman) General Motors Financial Co.’s lease penetration is...
Ally’s Originations Decline, but Expects Stabilization in 2018
Via media.ally.com Ally Financial Inc.’s total originations dipped 8.6% in the second quarter, but the lender is expecting some...
NMAC Penetration Dips Despite Nissan’s Climb in Sales
Nissan Motor Acceptance Corp. saw a dip in market penetration for both leases and retail sales during its fiscal-year first...
