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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

Truist pulls back auto lending in Q2

Truist’s auto portfolio decreased in the second quarter as the bank intentionally pulled back and tightened

Auto ABS nonprime losses rise 197 bps YoY

Credit performance across securitized prime and nonprime auto loan pools weakened further in June in line

Credit Union Auto Lending Surges

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