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Big Wheels: Auto finance industry strengthens in January
The auto finance industry strengthened in January driven, in part, by a more favorable capital market for auto finance assets. ...
ATPs fall to near 2-year low as incentives creep up
New-vehicle average transaction prices fell to their lowest level in nearly two years in March, driven by a recovery in...
Podcast: ‘Weekly Wrap’ on Q1 earnings kickoff
First-quarter earnings kicked off last week with banks reporting a decline in auto originations. Chase Auto and Wells Fargo Auto’s...
Join the ‘Spark Tank’ workshop at AFS East
Do you have what it takes to create a new future for the auto finance industry? Join the ‘Spark Tank’...
Tesla to cut over 10% of workforce in global retrenchment
Tesla Inc. will slash global headcount by more than 10%, Elon Musk wrote in an email to staff, as the...
Wells Fargo Auto originations decline 18%
Wells Fargo Auto tallied a dip in origination volume during the first quarter as the bank’s auto book continued to...
Chase Auto originations tick down 3%
Chase Auto’s first-quarter originations dipped year over year as the bank prioritized margins. Auto originations totaled $8.9 billion in...
EV leasing doubles YoY as sales growth slows
The share of leased EVs more than doubled year over year in the first quarter as the EV sales rate continued to...
