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Podcast: ‘Weekly Wrap’ on earnings, sales
First-quarter earnings continued to bring mixed results as vehicle sales slowed in April. Capital One’s auto outstandings decreased 3.7% year...
Capital One originations increase more than 20%
Capital One Auto Finance’s originations grew in the first quarter following several quarters of year-over-year declines. Originations totaled $7.5 billion,...
Big Wheels: Exponential Used Vehicle Index declines 11%
Used-vehicle values continue to trend downward from 2022’s peak levels but are outpacing pre-pandemic levels. Used-car values remained unchanged from...
April new-vehicle sales expected to tick down 2%
U.S. new-vehicle sales are projected to decline in April while the seasonally adjusted annual rate is expected to finish above...
Sonic Auto F&I revenue inches up
Finance and insurance revenue ticked up slightly in the first quarter for Sonic Automotive while floor plan interest expenses jumped...
Ford Credit penetration rate hits 60% in Q1
Ford Credit’s finance penetration rate soared in the first quarter as finance margin improved and credit performance continued to normalize....
US economy slows and inflation jumps, damping soft-landing hopes
US economic growth slid to an almost two-year low last quarter while inflation jumped to uncomfortable levels, interrupting a run...
HDFS originations inch up 2%, credit losses rise
Harley-Davidson Financial Services’ credit losses inched up while originations increased during the first quarter in tandem with a rise in...
