Auto production shrinks, credit worsens in Q3
Rising interest rates, inflationary pressures and supply chain challenges contributed to dampened auto loan production in the third quarter as ...
Rising interest rates, inflationary pressures and supply chain challenges contributed to dampened auto loan production in the third quarter as ...
Automation fintech Open Lending’s certified loan volume decreased for the second consecutive quarter in Q3 following six quarters of growth. ...
Carvana’s originations decreased 15% year over year in the third quarter as vehicle sales slowed and the retailer looks to ...
Subprime lender Credit Acceptance Corp. logged a second straight quarter of consumer loan assignment volume increases following five quarters of ...
GM Financial bucked wider industry trends in the third quarter, posting a double-digit year-over-year increase in origination volume as deliveries ...
Huntington Auto Finance recorded year-over-year declines in auto and powersports originations in the third quarter, while outstandings grew YoY. Auto ...
PNC Financial is the latest bank to report a shrinking auto book in the third quarter as interest rates rise. ...
US Bank’s auto outstandings decreased 2.5% sequentially in the third quarter in line with expectations going into 2022. Outstandings clocked ...