Tag: auto originations

Reserve releases and record used-vehicle values fueled a positive recovery rate on net charge-offs at Ally Financial and boosted lease ...

U.S. Bank in the second quarter recorded a positive recovery rate on net charge-offs and growth in its auto portfolio ...

Wells Fargo Auto is the latest auto lender to report record origination volume in the second quarter following increased sales ...

Chase Auto’s second quarter was marked by a $75 million reserve release spurred by positive recoveries in net charge-offs as ...

Banks have been prioritizing e-contracts over paper contracts as the auto finance industry moves toward a more digitally focused infrastructure. ...

Last week, credit unions once again took center stage, with CU Loan Source posting 100% year-over-year origination growth as the ...

GM Financial ratcheted up North American retail origination volume 34% year over year to $7.6 billion in the first quarter ...

Despite a global pandemic that depressed vehicle sales, auto loan outstandings reached new heights in 2020 as several lenders logged ...