Tag: Allowance for credit losses

CarMax Auto Finance in the first quarter saw a decline in income as loan losses started to hit its financial ...

CarMax Auto Finance plans to increase its penetration rate in lower credit tiers after affordability challenges continued to hamper sales ...

Chase Auto’s first-quarter originations dipped year over year as the bank prioritized margins.   Auto originations totaled $8.9 billion in ...

Chase Auto’s originations grew year-over-year in the fourth quarter of 2023 as the bank snagged additional market share while prioritizing ...

Bank of America’s auto originations dipped in the fourth quarter as credit continued to normalize and commercial loans to vehicle ...

CarMax Auto Finance’s originations and penetration rate declined during the third quarter of its fiscal 2024 as the financier tightened ...

Ford Credit’s consumer financing volume increased year over year in the third quarter while higher credit losses and lower financing ...

Truist’s auto book continued to shrink in the third quarter amid a focus on higher-margin business lines, including the financier’s ...