Tag: auto originations

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 ...

Bank of America’s auto portfolio grew year over year in the third quarter despite a dip in originations amid deteriorating ...

Chase Auto originations fell 34.8% year over year in the third quarter amid tight vehicle supply and rising rates.  Originations ...

Flagship Credit Acceptance is expanding into direct-to-consumer lending through an equity investment in automotive e-commerce technology provider Blinker.   The ...

Artificial intelligence (AI)-based lending marketplace Upstart’s financing partners in the second quarter originated the platform’s first $10 million in auto ...

Last week the auto finance industry entered the tail end of second-quarter earnings season as used-vehicle values depreciated for the ...

Rising interest rates and wider credit spreads are putting the squeeze on Carvana’s financing business, even as origination volume and ...