Tag: auto originations

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 ...

Consumer Portfolio Services tallied a decline in origination volume in the third quarter as the lender held firm on tightened ...

United Auto Credit’s penetration rate improved in the third quarter as parent company Vroom’s finance and insurance revenue jumped as ...

Banks kept credit for auto loans tight in the third quarter as consumer demand weakened further, with many indicating they ...