Nissan, Chase Climb in Auto Finance Ranking | Auto Finance News | Auto Finance News

Nissan, Chase Climb in Auto Finance Ranking

peakNissan Motor Acceptance Corp. and Chase Auto Finance each climbed one spot in the Top 10 ranking of auto finance companies by loan and lease outstandings, according to the 2014 Auto Finance Big Wheels data report.

Ally Financial is once again at the top of the heap. The company closed 2013 with $74.1 billion in outstandings. Toyota Financial was not far behind with $73.2 billion.

“Though the outlook for the sector is generally positive, portfolio growth will likely slow this year,” writes Marcie Belles, the report’s author. “Even so, auto finance originations are on pace to reach record levels.”

Auto Finance Big Wheels forecasts that total loan and lease originations for the Top 100 lenders should hit $491 billion in 2014, according to the report. The Top 100 own the vast majority of the auto finance market.

Not one auto finance company in the Top 20 saw its portfolio decline in 2013.

The 2014 Auto Finance News Big Wheels data report, released last week, gives detailed information on the nation’s Top 100 lenders. The report, published annually since 1999, is the nation’s only tabulation of auto lending and leasing. It makes use of a wide range of public, private and proprietary data to formulate its ranking of the nation’s top auto finance companies.

Here are the Top 15 auto finance lenders for 2013:

 

Rank Company 2013 Total Outstandings 2013 Loan Outstandings 2013 Lease Outstandings YOY Total Outstandings
1 Ally Financial Inc. $74,100,000,000 $56,400,000,000 $17,700,000,000 10%
2 Toyota Motor Credit Corp. $73,209,000,000 $49,923,000,000 $23,286,000,000 9%
3 Chase Auto Finance $52,757,000,000 $52,757,000,000 $0 6%
4 Wells Fargo Dealer Services Inc. $50,808,000,000 $50,808,000,000 $0 10%
5 American Honda Finance Corp.* $50,708,000,000 $26,828,000,000 $23,880,000,000 8%
6 Ford Motor Credit Co.* $47,318,000,000 $32,475,000,000 $14,843,000,000 11%
7 Bank of America Dealer Financial Services $41,096,000,000 $41,096,000,000 $0 15%
8 Nissan Motor Acceptance Corp.* $36,501,692,000 $20,154,373,000 $16,347,319,000 15%
9 Capital One Auto Finance Inc. $31,857,000,000 $31,857,000,000 $0 17%
10 BMW Financial Services $26,487,539,000 $11,141,136,000 $15,346,403,000 9%
11 Santander Consumer USA Inc. $23,771,928,000 $21,351,046,000 $2,420,882,000 46%
12 Hyundai Capital America $22,651,220,000 $12,727,840,000 $9,923,380,000 29%
13 Mercedes-Benz Financial Services USA $22,398,925,477 $5,090,535,477 $17,308,390,000 8%
14 VW Credit Inc. $21,642,300,000 $9,901,000,000 $11,741,300,000 10%
15 US Bank Indirect Lending $19,208,887,506 $12,814,430,630 $6,394,456,876 12%

 

Looking ahead, delinquencies, which have stayed below 1% on direct loans for two consecutive years for the first time on record, are expected to rise in 2014. Portfolio growth is also expected to slow, but even so, originations are forecasted to reach record levels this year.

More information on the report is available here.

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