Earnings
AutoNation to purchase its forthcoming captive
AutoNation is inching closer to buying a captive finance arm as the retailer’s F&I revenue increases. Chief Executive Mike Manley...
Huntington posts record Q1 originations despite tight supply
Huntington Auto Finance posted a quarterly record in auto originations despite continued supply chain concerns. Originations totaled $1.7 billion in...
Citizens to ‘back off’ auto loans as commercial business grows
Citizens One Auto Finance plans to pull back on auto lending after the lender’s commercial business grew in the first...
Lithia Motors’ Q1 F&I revenue climbs 58% YoY
Lithia Motors’ finance and insurance (F&I) revenue increased for the sixth consecutive quarter to kick off 2022 as the retailer...
Consumer Portfolio Services expands financing into nonprime
Consumer Portfolio Services launched nonprime financing in the first quarter as the lender logged its “best quarter ever” in originations...
Truist Bank’s auto portfolio shrinks in Q1 2022
Truist Bank’s indirect auto portfolio fell both year over year and sequentially in the first quarter as inventory constraints in...
Fifth Third auto outstandings, LTVs tick up in Q1
Fifth Third Bank in the first quarter lowered auto loan production in order to enhance the lender’s capital returns, and...
Bank of America logs increased auto, EV originations
Bank of America’s vehicle lending portfolio grew in the first quarter as the bank streamlines financing, builds on relationships with...
