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Volvo car sees 2022 sales flat-to-lower on supply disruption
Volvo Car AB said retail sales this year will be flat or slightly lower than 2021 after semiconductor shortages and...
US Bank loan and lease production plunges in Q2
Indirect loan and lease production at U.S. Bank fell 60% year over year in the second quarter while the market...
CFPB reinforces stance on shared credit reports
The Consumer Financial Protection Bureau (CFPB) has reinforced its stance that companies that use and share credit reports must obtain...
Ally Financial originations increase 3% YoY to record $13B
Ally Financial logged its highest quarterly origination volume since 2006 in Q2 amid tight vehicle supply and rising interest rates...
Bank of America auto outstandings increase 9.5% YoY in Q2
Bank of America continued to grow its auto book during a quarter marked by a decline in banks’ auto lending...
Listen: Weekly Wrap discusses the Q2 earnings kickoff
Last week, second-quarter earnings season kicked off with Chase Auto, PNC Financial and Wells Fargo Auto reporting drops in auto...
5 questions with … Roadrunner Financial Senior Vice President of Sales Jon Vestal
Jon Vestal, senior vice president of powersport sales at Roadrunner Financial, the in-house lending arm of Octane, leverages his 12-plus...
PNC Financial posts $5M recovery on net charge-offs in Q2
PNC Financial logged a $5 million recovery on automotive net charge-offs (NCO) in Q2, as early-stage delinquencies inched up and...
