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Risk Management

Auto lenders bullish on EVs amid tax bill cut

Technology

AI compliance fintech Kobalt Labs wins 2025 Demo Challenge

Technology

USAA melding human, AI interactions

Earnings

UACC originations rise 16%

News Feed

a fifth third sign in front of a branch

Fifth Third lowers auto loan production in Q2

byRiley Wolfbauer

Fifth Third Bank’s auto outstandings declined in the second quarter as the bank plans to further lower auto loan production...

(c) Can Stock Photo / welcomia

Huntington outstandings climb 3.4% YoY in Q2

byAmanda Harris

Huntington Auto Finance continues to see steady growth in auto and powersports lending despite inventory challenges. Auto originations totaled $1.8...

© Can Stock Photo / SeanPavonePhoto

Veros Credit to open new Texas service center

byAmanda Harris and Riley Wolfbauer

Santa Ana, Calif.-based subprime auto lender Veros Credit is opening a new dealer and customer service center in Irving, Texas,...

Signage at an AutoNation car dealership in Fremont, California, U.S., on Monday, Feb. 15, 2021. AutoNation Inc. is scheduled to release earnings figures on February 16. Photographer: David Paul Morris/Bloomberg

AutoNation notches record profit on pricier cars

byBloomberg News

AutoNation Inc. shrugged off a sales decline to post record profit in the second quarter as US prices for new...

© 2022 Bloomberg Finance LP

Truist auto portfolio grows 3% YoY on prime gain

byJoey Pizzolato

Truist grew its auto portfolio in the second quarter as its prime auto lending business gained traction following Q4 2021...

Signage is displayed outside a Citizens Financial Group Inc. bank branch in downtown Boston, Massachusetts, U.S., on Tuesday, Oct. 10, 2017. Citizens Financial Group Inc. is scheduled to release earnings figures on October 20. Photographer: Scott Eisen/Bloomberg

Citizens eyes further pullback on auto lending in Q3

byAmanda Harris

Citizens One Auto Finance’s outstandings fell sequentially in the second quarter as the bank continues to focus on its commercial...

© Can Stock Photo / dbrus

Auto Finance Summit speaker faculty announced

byCarson Hutton

The Auto Finance News team is pleased to present the speakers for the 22nd annual Auto Finance Summit, which features...

Photograph: Bloomberg/Bloomberg

McLaren raises $150 million from shareholders with cash low

byBloomberg News

McLaren Group Ltd. has turned to its shareholders once again to keep the company afloat as the British luxury carmaker...

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