Earnings
GM Financial Profits, Originations Grow in 3Q
General Motors Financial boasted increased profits, higher loan originations, and improved credit quality in the third quarter, according to yesterday’s...
Santander Originations Soar 52% Despite FCA Uncertainty
Photo by Mike Mozart via Creative Commons Santander Consumer USA drove origination growth 52% year over year, the company reported...
Credit Acceptance 3Q Profits Accelerate Despite Downturn in Active Dealer Volume
Credit Acceptance Corp. headquarters in Southfield, Mich., via Yelp Net income at Credit Acceptance Corp. shot up 50% year over...
Ally Boosts Used Financing to Offset Lower GM, Chrysler Penetration Rates in 3Q
Via media.ally.com Despite lower penetration rates financing General Motors and Chrysler vehicles, Ally Financial's efforts to diversify originations kept volume...
CPS Reports Drop in Revenue, Earnings While Originations Rise
Consumer Portfolio Services greets guests at the 2017 NADA Convention & Expo. (Photo by Auto Finance News) Consumer Portfolio Services reported...
Wells Fargo Auto Originations Climb Despite Shrinking Portfolio
Via Ron Cogswell/ Flicker Though Wells Fargo Auto’s portfolio declined in the third quarter, the bank posted higher origination volume...
Auto Finance Feels the Pressure of Fed’s Rate Hikes
© Can Stock Photo / alphaspirit Major automakers are reporting declines for U.S. sales as signs of tightening credit conditions...
Tesla Hints at Direct Leasing for Model 3s
Tesla Model 3 (Via Tesla) Tesla has improved its car production numbers and has signaled that it will soon turn...
