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Amanda Harris

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Tenet bundles EV charging with vehicle loan in California

Electric vehicle financing company Tenet has rolled out a bundled finance offering in California allowing consumers

Podcast: ‘Weekly Wrap’ on Q2 bank earnings

Banks continued pulling back on auto in the second quarter, with nearly every bank except Chase

Sheffield Financial originations grow 21% YoY

Sheffield Financial, Truist Bank’s powersports lending arm, logged double-digit growth in originations during the second quarter.

Capital One leans back into auto

Capital One’s auto originations rose on a sequential basis in the second quarter following four consecutive

Huntington auto originations dip 39% YoY

Huntington Auto Finance originations dipped in the second quarter as net interest margins rose while the

AutoNation Finance penetration reaches 20% in June

AutoNation Finance’s loan penetration increased in AutoNation storefronts during the second quarter while finance and insurance

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

Credit Union Auto Lending Surges

David Thompson

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