Vroom subsidiary UACC’s originations up 7%Â
Vroom subsidiary United Auto Credit Corp.’s indirect originations increased in the third quarter as the lender’s portfolio shrank due to ...
Tag: auto outstandings
CAC originations fall 16.5%Â
Credit Acceptance Corp.’s originations decreased in the third quarter as the subprime lender faces increased competition and worse-than-expected loan performance. ...
Carvana originations jump 59%, Ally Financial agreement upsizedÂ
Carvana’s originations jumped 58.8% year over year in the third quarter and the retailer extended and increased its forward-flow deal ...
Capital One auto originations climb 17.2%Â
Capital One’s auto originations rose in the third quarter as strategic underwriting and tightening contributed to better credit performance. Auto ...
GM Financial originations slip 3.5% in Q3Â
GM Financial’s originations fell in the third quarter as its market share for new-vehicle loans and leases declined. The captive’s ...
Podcast: Auto Finance Summit 2025 highlights industry strength, challengesÂ
Auto Finance Summit 2025 shed light on how auto lenders are responding to challenges facing the wider market, including credit ...
Fifth Third Bank faces $200M in provisions from Tricolor ‘fraud’Â
Fifth Third’s auto portfolio grew in the third quarter, despite the potential loss of millions following subprime lender Tricolor Holdings’ ...
Huntington Bank auto originations up 4% as regional results mixedÂ
Regional banks’ third-quarter earnings results were mixed in terms of auto portfolio growth and credit performance. Huntington Bank auto originations ...
