Tag: auto originations

Wells Fargo Auto tightened credit in the fourth quarter, contributing to a decline in auto originations and outstandings.   Auto originations ...

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

Affordability and profitability were top of mind for auto lenders in 2023, and 2024 is set to be a year ...

Auto lenders have navigated a year of high interest rates and elevated cost of funds, prompting some banks to reevaluate ...

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

Credit union auto lending activity is expected to slow in 2024 following two strong years as rising interest rates prompted ...

Elevated interest rates and inflationary pressures have prompted auto lenders to tighten credit, leading credit unions to step back and ...

Auto lenders should review their borrower accounts more often to offset the risk of rising delinquencies as consumers face inflationary ...