Earnings
Listen: Weekly Wrap discussion on Q3 earnings close, AFS
Last week, third-quarter earnings began wrapping up and coverage from the Auto Finance Summit continued, with Capital One Auto Finance,...
Carvana originations drop 15%
Carvana’s originations decreased 15% year over year in the third quarter as vehicle sales slowed and the retailer looks to...
Credit Acceptance Corp. consumer loan assignment volume jumps 32%
Subprime lender Credit Acceptance Corp. logged a second straight quarter of consumer loan assignment volume increases following five quarters of...
Capital One auto originations slide 28%
Capital One in the third quarter continued to slow auto loan production and prepared for normalizing credit performance. The bank...
Ford Credit sees longer loan terms in Q3
Ford Credit is seeing an uptick in longer loan terms as interest rates move higher. “We’re seeing some customers extending...
HDFS credit loss provisions jump 226%
Harley Davidson Financial Services’ provision for credit losses surged 226.7% year over year driven by normalizing credit performance and contributing...
GM Financial originations rise 11%
GM Financial bucked wider industry trends in the third quarter, posting a double-digit year-over-year increase in origination volume as deliveries...
Listen: Weekly Wrap on Q3 earnings, Auto Finance Summit preview
Third-quarter earnings season continued last week with many financial institutions reporting sequential declines in auto loan originations. Bank of America,...
