Earnings
Lithia floorplan interest expense up 465%
Lithia Motors’ floorplan interest expense soared in the first quarter as the retailer group’s acquisition activity picked up steam. ...
CPS originations inch up amid tightening credit
Consumer Portfolio Services’ originations ticked up on a year-over-year basis as the lender continued to tighten credit and credit performance...
Capital One originations plummet in margin realignment
Capital One auto originations plummeted on a year-over-year basis as the lender continues its yearlong pull back on auto lending,...
HDFS raises provisions 82% YoY as credit performance deteriorates
Harley-Davidson Financial Services increased its provision for credit losses in the first quarter as realized retail credit losses grew. Provision...
Group 1, Penske F&I revenue falters as floorplan expenses increase
Finance and insurance revenue at Group 1 and Penske Automotive dipped in the first quarter, snapping a streak dating back...
GM Financial loan originations up 12% amid strong sales, penetration
Higher retail sales along with an increase in average loan amounts financed and a stronger share of U.S. loan financing...
Polaris originations increase 17% QoQ
Powersports manufacturer Polaris’ financing partners originated a higher volume on a dollar basis in the first quarter even as North...
Listen: Banks complete Q1 earnings
Banks last week finished reporting first-quarter earnings, extending mixed results logged the week prior as many lenders pulled back on...
