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Tesla lease penetration at 5%  

Tesla’s leasing penetration rate ticked up on a year-over-year basis in the second quarter as leasing

Fifth Third scales back to reduce auto originations by 15%

Fifth Third’s pullback from indirect auto lending last quarter is expected to net a 15% decline

Truist pulls back auto lending in Q2

Truist’s auto portfolio decreased in the second quarter as the bank intentionally pulled back and tightened

Auto ABS nonprime losses rise 197 bps YoY

Credit performance across securitized prime and nonprime auto loan pools weakened further in June in line

Ford Credit’s Jim Drotman to lead fireside chat at 2023 Auto Finance Summit

Jim Drotman, executive vice president of Ford Pro FinSimple at Ford Credit, will discuss commercial and

Carvana originations taper amid debt restructure

Carvana’s loan sales in the second quarter outpaced origination volume and drove up finance gross profit

Ally Financial originations down 22% YoY amid tight credit requirements

Ally Financial’s auto originations declined 22% year over year as the bank prioritized higher-quality credit, while

U.S. Bank’s Kristina Bolte talks omnichannel in powersports

U.S. Bank is bringing lessons learned from auto into powersports finance. The Minneapolis-based bank is doubling

Credit Union Auto Lending Surges

David Thompson

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