auto originations Archives

2022 in review: EVs, technology and changing market share

Auto Finance News’ top-read stories in 2022 reflect electric vehicle (EV) finance strategies, technology advancements, debt challenges and changing market ...

Inside A Carmax Inc. Location Ahead Of Earnings Figures

CarMax Auto Finance income drops 8% on increased provisions

byJoey Pizzolato

December 22, 2022

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CarMax Auto Finance is feeling the squeeze of rising interest rates and compressed interest margins as the lender pads its ...

Historic origination volume in June drives Wells Fargo Auto’s YoY growth

Wells Fargo penalty largest in CFPB history

byAmanda Harris

September 18, 2024

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Wells Fargo’s $3.7 billion settlement with the Consumer Financial Protection Bureau includes the largest consumer redress and financial penalty in ...

A Carvana Vending Machine location in Novi, Michigan, U.S., on Wednesday, Nov. 3, 2021. Hertz Global Holdings Inc., fresh off a blockbuster order for 100,000 Teslas, reached an exclusive agreement to supply Uber drivers with electric vehicles and signed up Carvana Co. to dispose of rental cars it no longer wants.

Carvana financing volume drops 24% in Oct.

byJoey Pizzolato

September 18, 2024

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Financing volume at Carvana dropped for the sixth straight month in October as rising interest rates, record inflation and high ...

Lendbuzz expands credit availability with JPMorgan

byAmanda Harris

November 28, 2022

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Artificial intelligence (AI)-based auto finance startup Lendbuzz is unlikely to issue in the capital markets for the remainder of the ...

CPS tightens credit in Q3

byAmanda Harris

November 11, 2022

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Consumer Portfolio Services raised interest rates and tightened credit in the third quarter but continued to log year-over-year origination growth ...