auto originations Archives

Ally Financial marks 11-year record in Q1 auto originations

Ally Financial’s fourth-quarter auto originations climbed year over year as the bank prioritized its auto lending business. The Detroit-based lender’s ...

Upgrade eyes $1B auto originations by yearend

byAsh Savage

January 21, 2025

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Fintech Upgrade is looking to double its auto originations in 2025 after finalizing its first full year of indirect auto ...

Five questions with… Bank of America’s Duane Freeman

Bank of America originations rise 11.5% year over year

byAmanda Harris

January 16, 2025

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Bank of America’s auto originations rose in the fourth quarter as the bank eyes further growth in 2025. Originations increased ...

A Wells Fargo bank branch in New York, US, on Thursday, July 6, 2023. Wells Fargo & Co. is scheduled to release earnings figures on July 14.

Wells Fargo Auto originations up 52% year over year

byAsh Savage

January 15, 2025

0

Wells Fargo Auto’s origination volume increased year over year in the fourth quarter, marking the first quarter of YoY origination ...

A CarMax dealership in Houston, Texas, US.

CarMax Auto Finance originations down 1% year over year

byAmanda Harris

December 20, 2024

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CarMax Auto Finance’s originations declined in the third quarter as the lender looked to improve collections and underwriting for better ...

Industrywide auto originations dip 1.5% year over year

byAmanda Harris

December 6, 2024

0

Auto originations dipped industrywide, contributing to a slowdown in non-revolving consumer debt even as overall debt climbed through October. Auto ...