Tag: auto originations

CarMax Auto Finance adjusted its underwriting standards and increased its credit loss provisions last quarter amid “unfavorable performance” and an ...

TD Auto Finance’s floorplan utilization rates have more than doubled after falling to pandemic-spurred lows as new-vehicle inventory improves.   ...

Consumer Portfolio Services tightened credit considerably and raised interest rates in 2022 to protect margins amid rising costs of funds.   ...

Carvana cut inventory levels again in the fourth quarter and plans for additional trimming as the retailer continues to be ...

Canadian subprime lender Axis Auto Finance’s portfolio reached a record in the second quarter of fiscal year 2023 despite a ...

Demand for auto loans significantly weakened in the fourth quarter as banks tightened credit standards amid widening spreads.   A “moderate ...

Rising interest rates and competitive pricing have caused auto lenders to cut back on originations as the majority of banks ...

GM Financial bolstered its origination volume in the fourth quarter of 2022 despite retail penetration falling due to increased competition ...