CarMax Auto Finance originations plummet amid pandemic

• Amanda Harris
• June 23, 2020
• Earnings, Risk Management, Sales & Marketing

CarMax Auto Finance is one of the first auto lenders to record the adverse effects of the coronavirus pandemic on its...

Axis Auto Finance posts record originations in Canada

• Vaidik Trivedi
• June 2, 2020
• Earnings, Sales & Marketing

Axis Auto Finance posted a record increase in loan originations, according to the company’s fiscal...

Honda North America powersports sales surge 30%

• Nicole Casperson and Joey Pizzolato
• May 13, 2020
• Earnings, Powersports, Sales & Marketing

Honda Motor Co.’s North America powersports sales — which include motorcycles, ATVs, and side-by-sides —...

Carvana tightens credit as wholesale profits drop 60%

• Nicole Casperson and Joey Pizzolato
• May 11, 2020
• Earnings, Sales & Marketing

Carvana has pumped the brakes on its stand-alone consumer vehicle purchase program and tightened credit...

GMF has $3.7B for potential residual value declines

• Nicole Casperson and Joey Pizzolato
• May 6, 2020
• Earnings, Risk Management

GM Financial is gearing up for potential losses on off-lease residual values as the extent...

F&I revenues climb at Group 1, fall off at Asbury

• Nicole Casperson and Joey Pizzolato
• May 5, 2020
• Earnings, Risk Management, Sales & Marketing

Automotive retailers Asbury Automotive and Group 1 Automotive are increasing cash reserves as vehicle sales...

Volkswagen Financial revenue up despite origination drop

• Nicole Casperson and Joey Pizzolato
• April 30, 2020
• Earnings, Sales & Marketing

Volkswagen Financial Services reported a drop in originations in North America, even though “the region didn’t...

Daimler Mobility adds $487M for future losses in Q1

• Nicole Casperson and Joey Pizzolato
• April 29, 2020
• Earnings, Risk Management, Sales & Marketing

Daimler Mobility has increased its provisions for credit risk by $487.3 million during the first...