Tag: auto outstandings

U.S. Bank continued to scale back auto lending during the fourth quarter due to market competition and lower return levels.  ...

PNC Financial cut automotive allowance for credit loss coverage for the second straight quarter even as it maintained a recessionary ...

Fourth-quarter earnings season kicked off with several banks reporting mixed results in auto originations as some tightened credit and others ...

Chase Auto’s originations grew year-over-year in the fourth quarter of 2023 as the bank snagged additional market share while prioritizing ...

Wells Fargo Auto tightened credit in the fourth quarter, contributing to a decline in auto originations and outstandings.   Auto originations ...

Bank of America’s auto originations dipped in the fourth quarter as credit continued to normalize and commercial loans to vehicle ...

Auto lenders have navigated a year of high interest rates and elevated cost of funds, prompting some banks to reevaluate ...

CarMax Auto Finance’s originations and penetration rate declined during the third quarter of its fiscal 2024 as the financier tightened ...