Earnings
Huntington Auto posts 58% YoY auto originations growth
For the first time since the third quarter of 2020, Huntington Auto Finance’s auto originations grew, clocking in at $1.9 billion, a 58% year-over-year...
CAC’s origination volume declines 29% YoY in Q2, NY inquiry ongoing
Credit Acceptance Corp. continues to navigate multiple inquiries into its loan practices in the second quarter, which was marked by...
Ferrari posts steady profit before outsider CEO takes helm
Ferrari NV maintained stable profitability before the supercar maker installs an executive little known within the auto industry to up the...
Ford Credit logs record EBIT, high recovery on NCOs in Q2
Ford Motor Credit recorded its highest ever quarterly earnings before taxes of $1.6 billion, contributing to a second-quarter distribution of $4...
Asbury Automotive logs 61% YoY increase in F&I revenue in Q2
Asbury Automotive increased its F&I revenue by 60.6% year over year with support from the dealer’s online car-buying platform Clicklane,...
Santander posts 34% YoY increase in auto originations, positive recovery on NCOs
Santander Consumer USA experienced recovery on net charge-offs accompanied by growth in auto origination volume, on trend with other lenders’...
Lithia Motors records 115.9% YoY increase in finance and insurance revenue in Q2
Despite tight new and used-vehicle inventory, Lithia Motors posted record finance and insurance (F&I) revenue in the second quarter of...
Tesla gains as first $1 billion quarter adds earnings momentum
Tesla Inc. reported better-than-expected earnings as record sales of its electric vehicles fattened margins and carried the company to a...
