Earnings
Wells Fargo Auto originations climb 45% YOY
Origination volume for Wells Fargo Auto is on a growth trajectory, as the bank reported a 45% year over year...
Honda Finance injects $1B into ABS market
Loans in American Honda Finance Corp.'s latest securitization have the shortest original and remaining terms when compared with other issuers’...
Ally sets record with used-car volume
Used-car loan originations hit $5.24 billion at Ally Financial in the second quarter, the highest level ever for the lender....
HyreCar adds dealers to boost 2Q revenue, cut losses
HyreCar has been focused on expanding commercial accounts — which include auto dealers and fleet managers — to boost revenue...
Losses widen for rideshare giants in 2Q
Both Uber and Lyft continue to struggle to become profitable enterprises, according to second-quarter earnings reports filed by the two...
Carvana’s originations skyrocket in 2Q
Carvana’s second-quarter earnings were “the most successful quarter-to-date” for the finance platform, Chief Financial Officer Mark Jenkins said during the...
GM Financial boosts originations, OEM talks autonomous in 2Q earnings
General Motors Financial Co. bolstered origination volume 6.5%, maintaining the captive’s growth momentum. The captive originated $13 billion of loans...
Ford Credit scales back leasing
Ford Motor Credit’s lease volume has dropped to its lowest level in more than four years, according to an analysis...
