Earnings
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...
Capital One Adjusts Taxi Underwriting as Rideshares Disrupt the Market
Capital One Financial Corp. is making changes to its commercial taxi medallion lending portfolio by restructuring loans to protect its...
Ford Credit Lease Returns Leap 29% as Originations Dip in 2Q
Ford Motor Credit Co. reported a 29% year over year uptick in lease return volume to 80,000 vehicles in the second...
CPS Boosts Provisions as Delinquencies Rise in 2Q
With originations slowing down and delinquencies ticking up, Consumer Portfolio Services is provisioning more for its losses, Charles Bradley, chief executive...
